Time to Reconsider Astrazeneca Plc (NYSE:AZN) After Less Short Sellers?

December 7, 2017 - By Marie Mckinney

 Time to Reconsider Astrazeneca Plc (NYSE:AZN) After Less Short Sellers?

The stock of Astrazeneca Plc (NYSE:AZN) registered a decrease of 11.84% in short interest. AZN’s total short interest was 14.88M shares in December as published by FINRA. Its down 11.84% from 16.88 million shares, reported previously. With 3.58 million shares average volume, it will take short sellers 4 days to cover their AZN’s short positions. The short interest to Astrazeneca Plc’s float is 0.6%.

The stock increased 0.41% or $0.13 during the last trading session, reaching $32.22. About 3.48M shares traded. AstraZeneca PLC (NYSE:AZN) has risen 19.45% since December 7, 2016 and is uptrending. It has outperformed by 2.75% the S&P500.

AstraZeneca PLC discovers, develops, makes, and commercializes prescription medicines for the treatment of oncology, cardiovascular and metabolic, respiratory, infection, gastrointestinal, and neuroscience diseases worldwide. The company has market cap of $78.65 billion. The Company’s marketed products comprise Arimidex, Casodex/Cosudex, Faslodex, Iressa, Lynparza, Nolvadex, Tagrisso, and Zoladex for oncology diseases; Atacand1/Atacand HCT/Atacand Plus, Brilinta/Brilique, Crestor, Imdur, Plendil, Seloken/Toprol-XL, Tenormin, and Zestril for cardiovascular diseases; and Bydureon, Byetta, Farxiga/Forxiga, Kombiglyze XR, Komboglyze, Onglyza, Symlin, Xigduo, and Xigduo XR for metabolic diseases. It has a 21.13 P/E ratio. The companyÂ’s marketed products also comprise Accolate, Bevespi Aerosphere, Bricanyl Respules, Bricanyl Turbuhaler, Daliresp/Daxas, Duaklir Genuair, Eklira Genuair/Tudorza Pressair, Oxis Turbuhaler, Pulmicort Turbuhaler/Pulmicort Flexhaler, Pulmicort Respules, Symbicort pMDI, and Symbicort Turbuhaler for respiratory diseases; Fluenz Tetra/FluMist Quadrivalent and Synagis for infection diseases; Movantik/Moventig, Seroquel IR, Seroquel XR, Vimovo1, and Zomig for neuroscience diseases; and Losec/Prilosec and Nexium for gastrointestinal diseases.

AstraZeneca PLC (NYSE:AZN) Ratings Coverage

Among 24 analysts covering AstraZeneca plc (ADR) (NYSE:AZN), 14 have Buy rating, 0 Sell and 10 Hold. Therefore 58% are positive. AstraZeneca plc (ADR) had 39 analyst reports since July 31, 2015 according to SRatingsIntel. Barclays Capital upgraded AstraZeneca PLC (NYSE:AZN) on Tuesday, January 19 to “Equal-Weight” rating. HBSC downgraded AstraZeneca PLC (NYSE:AZN) on Monday, February 8 to “Hold” rating. The rating was maintained by Leerink Swann on Monday, October 23 with “Market Perform”. The firm earned “Buy” rating on Friday, July 31 by Swedbank. Credit Suisse upgraded the shares of AZN in report on Friday, May 12 to “Neutral” rating. The stock of AstraZeneca PLC (NYSE:AZN) has “Neutral” rating given on Monday, May 15 by Credit Suisse. The rating was downgraded by Jefferies to “Hold” on Monday, April 10. The rating was initiated by Piperjaffray on Friday, September 23 with “Overweight”. As per Tuesday, January 26, the company rating was upgraded by Oddo & Cie. The firm has “Buy” rating by Credit Suisse given on Monday, October 16.

More important recent AstraZeneca PLC (NYSE:AZN) news were published by: Marketwatch.com which released: “AstraZeneca: FDA grants Imfinzi priority review” on October 17, 2017, also Investorplace.com published article titled: “Why AstraZeneca plc (ADR) (AZN), Advanced Micro Devices, Inc. (AMD) and Spirit …”, Investorplace.com published: “AstraZeneca plc (ADR) (AZN) Shares Soar on Lung Cancer Drug Success” on May 12, 2017. More interesting news about AstraZeneca PLC (NYSE:AZN) was released by: Investorplace.com and their article: “AstraZeneca plc (ADR) (AZN) Stock Tanks on Lung Cancer Drug Disappointment” with publication date: July 27, 2017.

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