Actinium Pharmaceuticals Inc (ATNM) Sees Significant Decline in Short Interest
Actinium Pharmaceuticals Inc (NYSEAMERICAN:ATNM) saw a large drop in short interest in April. As of April 30th, there was short interest totalling 2,171,585 shares, a drop of 24.8% from the April 15th total of 2,888,176 shares. Based on an average trading volume of 3,600,517 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.4% of the company’s stock are short sold.
Several brokerages have recently weighed in on ATNM. Oppenheimer set a $5.00 price target on shares of Actinium Pharmaceuticals and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Zacks Investment Research raised shares of Actinium Pharmaceuticals from a “hold” rating to a “buy” rating and set a $0.50 price target for the company in a research note on Monday, April 1st. Finally, Maxim Group set a $3.00 price target on shares of Actinium Pharmaceuticals and gave the stock a “buy” rating in a research note on Tuesday, February 5th. Five research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus target price of $3.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. acquired a new stake in shares of Actinium Pharmaceuticals in the 1st quarter valued at approximately $39,000. Renaissance Technologies LLC lifted its holdings in Actinium Pharmaceuticals by 69.9% during the 1st quarter. Renaissance Technologies LLC now owns 139,347 shares of the biotechnology company’s stock valued at $67,000 after purchasing an additional 57,335 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Actinium Pharmaceuticals by 69.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 175,512 shares of the biotechnology company’s stock valued at $84,000 after purchasing an additional 71,840 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Actinium Pharmaceuticals by 23.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,031,210 shares of the biotechnology company’s stock valued at $399,000 after purchasing an additional 198,480 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Actinium Pharmaceuticals by 6.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,575,754 shares of the biotechnology company’s stock valued at $1,909,000 after purchasing an additional 154,403 shares during the last quarter.
Actinium Pharmaceuticals (NYSEAMERICAN:ATNM) last released its quarterly earnings data on Tuesday, March 19th. The biotechnology company reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06).
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About Actinium Pharmaceuticals
Actinium Pharmaceuticals, Inc, a clinical stage biopharmaceutical company, focuses on developing and commercializing therapies for bone marrow transplant or a type of cellular therapy, and for other adoptive cell therapies. Its lead product candidate, Iomab-B that is in a pivotal Phase III clinical trial as an induction and conditioning agent in patients over the age of 55 with relapsed or refractory acute myeloid leukemia prior to receiving a bone marrow transplant, also known as a hematopoietic stem cell transplant.
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