Poseida Therapeutics, Inc. (NASDAQ:PSTX) Short Interest Down 17.8% in April


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Poseida Therapeutics, Inc. (NASDAQ:PSTX) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 3,100,000 shares, a drop of 17.8% from the March 31st total of 3,770,000 shares. Based on an average trading volume of 386,900 shares, the days-to-cover ratio is currently 8.0 days. Currently, 9.2% of the shares of the stock are sold short.

Poseida Therapeutics stock traded down $0.51 during trading hours on Tuesday, reaching $8.45. The company had a trading volume of 218,622 shares, compared to its average volume of 359,016. The company has a 50-day moving average price of $9.41 and a 200 day moving average price of $10.03. The firm has a market cap of $525.02 million and a price-to-earnings ratio of -1.23. Poseida Therapeutics has a 12-month low of $7.63 and a 12-month high of $17.62.

Poseida Therapeutics (NASDAQ:PSTX) last posted its earnings results on Thursday, March 11th. The company reported ($0.58) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.69) by $0.11. Analysts anticipate that Poseida Therapeutics will post -3 earnings per share for the current year.

In related news, insider Matthew A. Spear sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 21st. The stock was sold at an average price of $8.44, for a total value of $33,760.00. Following the completion of the sale, the insider now owns 15,485 shares in the company, valued at approximately $130,693.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Ostertag sold 133,149 shares of the business’s stock in a transaction that occurred on Tuesday, February 16th. The stock was sold at an average price of $10.00, for a total value of $1,331,490.00. Following the completion of the sale, the chief executive officer now owns 431,590 shares of the company’s stock, valued at approximately $4,315,900. The disclosure for this sale can be found here. In the last quarter, insiders have sold 264,538 shares of company stock valued at $2,593,750. Corporate insiders own 19.03% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Poseida Therapeutics during the third quarter valued at approximately $30,000. Optimum Investment Advisors bought a new position in Poseida Therapeutics in the fourth quarter worth $33,000. Public Employees Retirement System of Ohio bought a new position in Poseida Therapeutics in the fourth quarter worth $35,000. JPMorgan Chase & Co. purchased a new position in Poseida Therapeutics during the third quarter valued at $45,000. Finally, Citigroup Inc. boosted its holdings in shares of Poseida Therapeutics by 582.9% during the 4th quarter. Citigroup Inc. now owns 4,405 shares of the company’s stock valued at $48,000 after buying an additional 3,760 shares in the last quarter. 41.09% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Poseida Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, March 17th.

About Poseida Therapeutics

Poseida Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on developing therapeutics for patients with high unmet medical needs. The company is developing P-BCMA-101, an autologous chimeric antigen receptor T cell (CAR-T) targeting B cell maturation antigen that is in Phase II clinical trial; P-PSMA-101, an autologous CAR-T product candidate for the treatment of patients with metastatic castrate resistant prostate cancer (mCRPC) is in Phase I clinical trials; P-BCMA-ALLO1, an allogeneic CAR-T product candidate to treat relapsed/refractory multiple myeloma patients; P-MUC1C-ALLO1, an allogeneic CAR-T product candidate for multiple solid tumor indications; and P-PSMA-ALLO1, an allogeneic CAR-T product candidate for treating mCRPC.

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