AxoGen, Inc (NASDAQ:AXGN) was the recipient of a significant growth in short interest in the month of November. As of November 29th, there was short interest totalling 1,770,000 shares, a growth of 17.2% from the November 14th total of 1,510,000 shares. Currently, 5.0% of the company’s stock are sold short. Based on an average daily volume of 387,400 shares, the short-interest ratio is presently 4.6 days.
Shares of AXGN traded down $0.08 on Friday, reaching $16.90. The company’s stock had a trading volume of 236,868 shares, compared to its average volume of 269,957. The company has a current ratio of 8.20, a quick ratio of 7.38 and a debt-to-equity ratio of 0.01. AxoGen has a twelve month low of $10.91 and a twelve month high of $29.59. The stock has a market capitalization of $660.31 million, a PE ratio of -31.30 and a beta of 0.28. The firm has a fifty day moving average of $15.27 and a 200-day moving average of $16.37.
AxoGen (NASDAQ:AXGN) last posted its earnings results on Wednesday, November 6th. The medical equipment provider reported ($0.13) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.04. AxoGen had a negative net margin of 26.79% and a negative return on equity of 17.82%. The company had revenue of $28.56 million for the quarter, compared to analyst estimates of $28.10 million. As a group, equities analysts anticipate that AxoGen will post -0.69 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in shares of AxoGen by 9,583.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,002 shares of the medical equipment provider’s stock worth $37,000 after acquiring an additional 2,971 shares during the last quarter. Advisor Group Inc. raised its holdings in shares of AxoGen by 86.3% in the 2nd quarter. Advisor Group Inc. now owns 2,548 shares of the medical equipment provider’s stock worth $51,000 after acquiring an additional 1,180 shares during the last quarter. Stonebridge Capital Advisors LLC acquired a new stake in shares of AxoGen in the 2nd quarter worth about $59,000. Synovus Financial Corp acquired a new stake in shares of AxoGen in the 3rd quarter worth about $66,000. Finally, Aperio Group LLC acquired a new stake in shares of AxoGen in the 2nd quarter worth about $77,000. Institutional investors own 83.58% of the company’s stock.
AxoGen, Inc develops and markets surgical solutions for peripheral nerve injuries. The company's surgical solutions include Avance Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed nerves; and AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect damaged peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments.
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