Atyr PHARMA INC (NASDAQ:ATYR) Sees Large Growth in Short Interest

Atyr PHARMA INC (NASDAQ:ATYR) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 1,660,000 shares, an increase of 55.1% from the October 15th total of 1,070,000 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily volume of 761,100 shares, the short-interest ratio is currently 2.2 days.

Atyr PHARMA Stock Down 8.9 %

NASDAQ:ATYR opened at $2.91 on Friday. Atyr PHARMA has a 12 month low of $1.09 and a 12 month high of $3.80. The company has a market capitalization of $243.85 million, a price-to-earnings ratio of -3.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.02, a quick ratio of 5.41 and a current ratio of 5.41. The company has a 50 day moving average price of $2.47.

Atyr PHARMA (NASDAQ:ATYR) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.01). Research analysts predict that Atyr PHARMA will post -0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on ATYR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $16.00 target price on shares of Atyr PHARMA in a report on Wednesday, August 14th. Wells Fargo & Company initiated coverage on shares of Atyr PHARMA in a research report on Friday, October 4th. They issued an “overweight” rating and a $17.00 price target for the company. HC Wainwright reissued a “buy” rating and issued a $35.00 price target on shares of Atyr PHARMA in a research report on Tuesday, October 29th. Finally, Jefferies Financial Group initiated coverage on shares of Atyr PHARMA in a research report on Thursday, September 5th. They issued a “buy” rating and a $9.00 price target for the company.

Atyr PHARMA Company Profile

aTyr Pharma, Inc, a biotherapeutics company, engages in the discovery and development of medicines based on novel immunological pathways in the United States. Its lead therapeutic candidate is efzofitimod, a selective modulator of NRP2 that is in Phase III clinical trial for pulmonary sarcoidosis; and in Phase 1b/2a clinical trial for treatment of other interstitial lung diseases (ILDs), such as chronic hypersensitivity pneumonitis and connective tissue disease related ILD.