What Will Happen to Anavex Life Sciences Corp (NASDAQ:AVXL) Next? The Stock Has Decline in Shorts
Anavex Life Sciences Corp. (NASDAQ:AVXL)
The stock of Anavex Life Sciences Corp (NASDAQ:AVXL) registered a decrease of 1.81% in short interest. AVXL’s total short interest was 4.06 million shares in October as published by FINRA. Its down 1.81% from 4.13 million shares, reported previously. With 501,800 shares average volume, it will take short sellers 8 days to cover their AVXL’s short positions.
It closed at $2.81 lastly. It is down 11.11% since October 20, 2018 and is downtrending. It has underperformed by 11.11% the S&P500.
Anavex Life Sciences Corp., a clinical stage biopharmaceutical company, engages in the development of drug candidates for the treatment of AlzheimerÂ’s disease, other central nervous system diseases, pain, and various cancers. The company has market cap of $147.95 million. The companyÂ’s lead drug candidates include ANAVEX 2-73, a Phase 2a clinical trial for the treatment of AlzheimerÂ’s disease; and preclinical stage to treat ParkinsonÂ’s disease. It currently has negative earnings. The Company’s preclinical drug candidates include ANAVEX 3-71, which uses ligands that activate sigma-1 and M1 muscarinic receptors to treat AlzheimerÂ’s disease; ANAVEX 1-41, a sigma-1 agonist that protects nerve cells from degeneration or death; ANAVEX 1037 for the treatment of prostate cancer; and ANAVEX 1066, a mixed sigma-1/sigma-2 ligand for the treatment of neuropathic and visceral pain.
Anavex Life Sciences Corp. (NASDAQ:AVXL) Ratings Coverage
Among 2 analysts covering Anavex Life Sciences Corp. – Common Stock (NASDAQ:AVXL), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Anavex Life Sciences Corp. – Common Stock has $16.00 highest and $10.00 lowest target. $13’s average target is 362.63% above currents $2.81 stock price. Anavex Life Sciences Corp. – Common Stock had 3 analyst reports since June 18, 2019 according to SRatingsIntel.
More notable recent Anavex Life Sciences Corp. (NASDAQ:AVXL) news were published by: Benzinga.com which released: “25 Stocks Moving in Friday’s Pre-Market Session – Benzinga” on September 27, 2019, also Globenewswire.com with their article: “Anavex Life Sciences to Present at the Janney Healthcare Conference 2019 – GlobeNewswire” published on September 05, 2019, Globenewswire.com published: “Anavex Life Sciences Announces First Patient Dosed in Extension Study to its U.S. Phase 2 Clinical Trial of ANAVEX®2-73 in Patients for Rett Syndrome – GlobeNewswire” on June 25, 2019. More interesting news about Anavex Life Sciences Corp. (NASDAQ:AVXL) were released by: Seekingalpha.com and their article: “Alzheimer’s Disease: Anavex 2-73 And The Long Road Home – Seeking Alpha” published on November 08, 2017 as well as Globenewswire.com‘s news article titled: “Anavex Life Sciences Reports Fiscal 2019 Third Quarter Financial Results And Provides Clinical Study Updates – GlobeNewswire” with publication date: August 07, 2019. https://yorkreporter.com/2019/10/20/stock-news/what-will-happen-to-anavex-life-sciences-corp-nasdaqavxl-next-the-stock-has-decline-in-shorts/
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