Aspire Biopharma Holdings, Inc. (NASDAQ:ASBP – Get Free Report) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 101,413 shares, a decline of 70.0% from the June 15th total of 337,919 shares. Based on an average trading volume of 158,411 shares, the days-to-cover ratio is currently 0.6 days. Approximately 8.3% of the company’s shares are sold short.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aspire Biopharma in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Aspire Biopharma currently has a consensus rating of “Sell”.
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Aspire Biopharma Stock Performance
Aspire Biopharma (NASDAQ:ASBP – Get Free Report) last announced its earnings results on Friday, May 15th. The company reported ($20.57) earnings per share for the quarter. The firm had revenue of $0.03 million for the quarter.
Institutional Trading of Aspire Biopharma
Several institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in shares of Aspire Biopharma by 2,252.1% during the fourth quarter. Jane Street Group LLC now owns 688,143 shares of the company’s stock valued at $91,000 after buying an additional 658,886 shares during the period. XTX Topco Ltd raised its holdings in shares of Aspire Biopharma by 853.2% in the fourth quarter. XTX Topco Ltd now owns 265,471 shares of the company’s stock worth $35,000 after buying an additional 237,620 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new stake in shares of Aspire Biopharma during the 3rd quarter worth approximately $28,000. Institutional investors own 19.17% of the company’s stock.
About Aspire Biopharma
Aspire Biopharma Inc is a specialty pharmaceutical company dedicated to developing and commercializing inhaled therapeutics for cardiopulmonary emergencies and respiratory diseases. The firm leverages proprietary formulation and drug-delivery technologies to repurpose established active pharmaceutical ingredients, aiming to enhance onset of action and improve patient convenience in acute settings. Aspire’s focus on pulmonary administration differentiates its approach from traditional oral or injectable treatments for asthma, allergic reactions, and other respiratory conditions.
The company’s lead asset is a reformulated metered-dose inhaler version of epinephrine designed to serve as an over-the-counter or prescription rescue therapy for acute bronchospasm and anaphylaxis.
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