Affimed (NASDAQ:AFMD – Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 219,400 shares, a growth of 11.7% from the March 31st total of 196,400 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 91,100 shares, the short-interest ratio is presently 2.4 days.
Wall Street Analysts Forecast Growth
AFMD has been the subject of a number of recent research reports. HC Wainwright lifted their price objective on shares of Affimed to $10.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Cantor Fitzgerald restated an “overweight” rating on shares of Affimed in a research report on Monday, April 1st. StockNews.com started coverage on shares of Affimed in a research report on Tuesday, January 2nd. They set a “sell” rating for the company. Finally, Wells Fargo & Company reduced their price target on shares of Affimed from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $45.00.
Get Our Latest Stock Analysis on AFMD
Affimed Stock Down 2.6 %
Institutional Trading of Affimed
A number of hedge funds have recently made changes to their positions in AFMD. abrdn plc bought a new stake in shares of Affimed during the 4th quarter worth $130,000. EWA LLC bought a new stake in shares of Affimed during the 4th quarter worth $89,000. BNP Paribas Financial Markets lifted its holdings in shares of Affimed by 39.9% during the 4th quarter. BNP Paribas Financial Markets now owns 571,975 shares of the biopharmaceutical company’s stock worth $357,000 after acquiring an additional 163,162 shares during the last quarter. Finally, Vestal Point Capital LP bought a new stake in shares of Affimed during the 4th quarter worth $341,000. 30.82% of the stock is owned by institutional investors.
Affimed Company Profile
Affimed N.V., a clinical-stage biopharmaceutical company, focuses on discovering and developing cancer immunotherapies in the United States, Germany, and Europe. Its lead product candidates include AFM13 that has completed Phase 2 clinical trial for CD30-positive lymphoma, Phase II clinical trial for hodgkin lymphoma, and completed Phase II clinical study for peripheral T-cell lymphoma; AFM24, a tetravalent, bispecific epidermal growth factor receptor, and CD16A-binding innate cell engager, which is in Phase IIa clinical trial for the treatment of advanced cancers; and AFM28, an innate cell engager (ICE), which is in preclinical development to treat acute myeloid leukemia.
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