A Reversal for Axogen Inc (NASDAQ:AXGN) Is Near. The Stock Has Decrease in Shorts

June 19, 2018 - By Jason Grubb

AxoGen, Inc. (NASDAQ:AXGN) Logo

The stock of Axogen Inc (NASDAQ:AXGN) registered a decrease of 1.13% in short interest. AXGN’s total short interest was 1.51 million shares in June as published by FINRA. Its down 1.13% from 1.53 million shares, reported previously. With 296,900 shares average volume, it will take short sellers 5 days to cover their AXGN’s short positions. The short interest to Axogen Inc’s float is 5.66%.

The stock increased 0.89% or $0.45 during the last trading session, reaching $50.95. About 555,514 shares traded or 34.10% up from the average. AxoGen, Inc. (NASDAQ:AXGN) has risen 194.48% since June 19, 2017 and is uptrending. It has outperformed by 181.91% the S&P500.

AxoGen, Inc. provides surgical solutions for peripheral nerve injuries. The company has market cap of $1.94 billion. The companyÂ’s surgical nerve repair 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 coaptation aid for tensionless repair of severed nerves; and AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect injured peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments. It currently has negative earnings. The Company’s solutions also comprise Avive Soft Tissue Membrane, a minimally processed human umbilical cord membrane that is used as a resorbable soft tissue covering to separate tissues and modulate inflammation in the surgical bed.

AxoGen, Inc. (NASDAQ:AXGN) Ratings Coverage

Among 4 analysts covering AxoGen (NASDAQ:AXGN), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AxoGen had 7 analyst reports since January 8, 2018 according to SRatingsIntel. The rating was maintained by Lake Street with “Buy” on Friday, March 2. On Wednesday, February 28 the stock rating was maintained by Cantor Fitzgerald with “Buy”. JMP Securities maintained AxoGen, Inc. (NASDAQ:AXGN) on Tuesday, May 1 with “Market Outperform” rating. Cantor Fitzgerald maintained the shares of AXGN in report on Monday, January 8 with “Buy” rating. JMP Securities maintained AxoGen, Inc. (NASDAQ:AXGN) rating on Thursday, March 1. JMP Securities has “Market Outperform” rating and $34 target. The firm has “Overweight” rating by Cantor Fitzgerald given on Tuesday, May 1.

More recent AxoGen, Inc. (NASDAQ:AXGN) news were published by: Nasdaq.com which released: “AxoGen, Inc. Announces Repayment in Full of its $25 million Outstanding Debt” on May 29, 2018. Also Globenewswire.com published the news titled: “AxoGen, Inc. to Present at Upcoming Investor Conferences” on June 06, 2018. Globenewswire.com‘s news article titled: “Report: Developing Opportunities within Wix, AxoGen, YPF Sociedad Anonima, Orix Corp Ads, Travelport Worldwide …” with publication date: June 04, 2018 was also an interesting one.

AxoGen, Inc. (NASDAQ:AXGN) Ratings Chart

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