Aphria Inc (APHA) Sees Large Increase in Short Interest

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Aphria Inc (NYSE:APHA) saw a significant growth in short interest in April. As of April 30th, there was short interest totalling 17,708,703 shares, a growth of 25.9% from the April 15th total of 14,060,797 shares. Based on an average daily trading volume, of 5,871,580 shares, the short-interest ratio is currently 3.0 days.

A number of research firms recently commented on APHA. ValuEngine downgraded Aphria from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Jefferies Financial Group began coverage on Aphria in a research report on Friday. They issued a “buy” rating and a $6.41 target price on the stock. Zacks Investment Research downgraded Aphria from a “hold” rating to a “sell” rating in a research report on Friday, April 19th. Seaport Global Securities began coverage on Aphria in a research report on Thursday, February 21st. They issued a “buy” rating and a $18.00 target price on the stock. Finally, Clarus Securities began coverage on Aphria in a research report on Tuesday, April 16th. They issued a “buy” rating and a $22.75 target price on the stock. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Aphria currently has a consensus rating of “Buy” and a consensus target price of $13.83.

Shares of APHA stock opened at $7.35 on Monday. Aphria has a 1 year low of $3.75 and a 1 year high of $16.86. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 52.50 and a beta of 3.66.

Aphria (NYSE:APHA) last issued its quarterly earnings data on Monday, April 15th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The business had revenue of $55.24 million during the quarter, compared to analyst estimates of $41.11 million. As a group, equities research analysts predict that Aphria will post -0.16 EPS for the current year.

A number of hedge funds have recently modified their holdings of APHA. Winslow Evans & Crocker Inc. purchased a new stake in Aphria during the fourth quarter valued at approximately $28,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Aphria during the fourth quarter valued at approximately $74,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Aphria during the fourth quarter valued at approximately $77,000. Wedbush Securities Inc. purchased a new stake in Aphria during the fourth quarter valued at approximately $66,000. Finally, Intercontinental Wealth Advisors LLC purchased a new stake in Aphria during the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds own 8.92% of the company’s stock.

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Aphria Company Profile

Aphria Inc produces and sells medical cannabis in Canada and internationally. The company offers sativa, indica, and hybrid medical marijuana products, as well as cannabis oils. It serves patients and health professionals. The company also sells its products online. Aphria Inc is headquartered in Leamington, Canada.

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