Axsome Therapeutics Incorporated (NASDAQ:AXSM) Shorted Shares Decreased By 12.32%

December 7, 2017 - By Migdalia James

 Axsome Therapeutics Incorporated (NASDAQ:AXSM) Shorted Shares Decreased By 12.32%

The stock of Axsome Therapeutics Incorporated (NASDAQ:AXSM) registered a decrease of 12.32% in short interest. AXSM’s total short interest was 474,100 shares in December as published by FINRA. Its down 12.32% from 540,700 shares, reported previously. With 104,200 shares average volume, it will take short sellers 5 days to cover their AXSM’s short positions. The short interest to Axsome Therapeutics Incorporated’s float is 3.81%.

The stock increased 1.09% or $0.05 during the last trading session, reaching $4.65. About 91,365 shares traded. Axsome Therapeutics, Inc. (NASDAQ:AXSM) has declined 59.08% since December 7, 2016 and is downtrending. It has underperformed by 75.78% the S&P500.

Axsome Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops therapies for the management of central nervous system disorders. The company has market cap of $118.34 million. The companyÂ’s product candidates include AXS-05 that is in Phase III trial for the treatment of treatment resistant depression and AlzheimerÂ’s disease agitation; and AXS-02, which is in Phase III trial to treat complex regional pain syndrome, knee osteoarthritis related to bone marrow lesions, and chronic low back pain related to Modic changes. It currently has negative earnings. It is also developing AXS-06, a preclinical product candidate for CNS disorders, including chronic pain.

Axsome Therapeutics, Inc. (NASDAQ:AXSM) Ratings Coverage

Among 3 analysts covering Axsome Therapeutics (NASDAQ:AXSM), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Axsome Therapeutics had 3 analyst reports since December 14, 2015 according to SRatingsIntel. The stock of Axsome Therapeutics, Inc. (NASDAQ:AXSM) has “Buy” rating given on Tuesday, December 15 by Cantor Fitzgerald. The stock of Axsome Therapeutics, Inc. (NASDAQ:AXSM) earned “Buy” rating by Brean Capital on Monday, October 3. The stock of Axsome Therapeutics, Inc. (NASDAQ:AXSM) has “Buy” rating given on Monday, December 14 by Ladenburg Thalmann.

More notable recent Axsome Therapeutics, Inc. (NASDAQ:AXSM) news were published by: Globenewswire.com which released: “Axsome Therapeutics Announces Closing of $9.5 Million Registered Direct Offering” on December 06, 2017, also Globenewswire.com with their article: “Axsome Therapeutics Announces $9.5 Million Registered Direct Offering Priced …” published on December 01, 2017, Globenewswire.com published: “Axsome Therapeutics to Present at Upcoming Investor Conferences” on July 25, 2017. More interesting news about Axsome Therapeutics, Inc. (NASDAQ:AXSM) were released by: Globenewswire.com and their article: “Axsome Therapeutics Reports First Quarter 2017 Financial Results” published on May 09, 2017 as well as Seekingalpha.com‘s news article titled: “Axsome Therapeutics: An Undervalued Promising CNS Disease Company” with publication date: June 07, 2016.

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