Avid Bioservices Stock Number Of Shares Shorted

CDMO Stock

USD 12.46 0.02 0.16%

Avid Bioservices fundamentals help investors to digest information that contributes to Avid Bioservices' financial success or failures. It also enables traders to predict the movement of Avid Stock. The fundamental analysis module provides a way to measure Avid Bioservices' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Avid Bioservices stock.

Short Long Term Debt Total Total Assets

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Avid Bioservices Company Number Of Shares Shorted Analysis

Avid Bioservices' Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

Shares Shorted

Shorted by Public

+

by Institutions

More About Number Of Shares Shorted | All Equity Analysis

Current Avid Bioservices Number Of Shares Shorted

11.62 M

Most of Avid Bioservices' fundamental indicators, such as Number Of Shares Shorted, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Avid Bioservices is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Avid Number Of Shares Shorted Driver Correlations

Understanding the fundamental principles of building solid financial models for Avid Bioservices is extremely important. It helps to project a fair market value of Avid Stock properly, considering its historical fundamentals such as Number Of Shares Shorted. Since Avid Bioservices' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Avid Bioservices' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Avid Bioservices' interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Intangible Assets	Short Term Debt	Long Term Debt	Common Stock	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Deferred Long Term Liab	Net Tangible Assets	Capital Surpluse	Accumulated Depreciation	Net Invested Capital	Net Working Capital	Long Term Debt Total	Capital Stock	Short Long Term Debt
Total Assets		0.73	0.81	-0.33	0.87	0.94	0.97	0.77	0.77	0.41	0.88	-0.37	0.9	0.81	0.78	0.88	0.95	0.69	-0.63	0.94	0.52	0.91	0.79	0.95
Total Stockholder Equity	0.73		0.32	-0.25	0.45	0.52	0.54	0.65	0.43	0.66	0.48	-0.23	0.43	0.55	0.45	0.56	0.56	0.49	-0.53	0.81	0.45	0.6	0.28	0.55
Net Debt	0.81	0.32		-0.1	0.89	0.85	0.89	0.31	0.72	0.3	0.86	-0.41	0.97	0.5	0.71	0.84	0.91	0.49	-0.4	0.75	0.11	0.81	0.87	0.83
Retained Earnings	-0.33	-0.25	-0.1		-0.33	-0.39	-0.32	-0.5	-0.35	0.02	-0.37	0.2	-0.28	-0.58	-0.41	-0.44	-0.28	-0.76	0.73	-0.14	-0.16	-0.31	-0.21	-0.24
Accounts Payable	0.87	0.45	0.89	-0.33		0.87	0.91	0.51	0.68	0.44	0.82	-0.2	0.96	0.63	0.69	0.84	0.92	0.62	-0.47	0.76	0.19	0.8	0.84	0.85
Net Receivables	0.94	0.52	0.85	-0.39	0.87		0.97	0.72	0.89	0.25	0.96	-0.5	0.91	0.79	0.9	0.86	0.92	0.75	-0.68	0.85	0.52	0.92	0.85	0.96
Total Liab	0.97	0.54	0.89	-0.32	0.91	0.97		0.71	0.79	0.27	0.91	-0.38	0.95	0.8	0.8	0.88	0.97	0.68	-0.58	0.88	0.48	0.92	0.88	0.98
Total Current Assets	0.77	0.65	0.31	-0.5	0.51	0.72	0.71		0.56	0.11	0.59	-0.22	0.48	0.86	0.58	0.54	0.61	0.66	-0.6	0.69	0.85	0.66	0.48	0.76
Intangible Assets	0.77	0.43	0.72	-0.35	0.68	0.89	0.79	0.56		0.18	0.96	-0.58	0.74	0.6	1.0	0.7	0.73	0.71	-0.7	0.7	0.46	0.86	0.68	0.79
Short Term Debt	0.41	0.66	0.3	0.02	0.44	0.25	0.27	0.11	0.18		0.22	-0.09	0.34	0.12	0.19	0.28	0.3	0.15	-0.2	0.5	-0.05	0.3	0.11	0.26
Long Term Debt	0.88	0.48	0.86	-0.37	0.82	0.96	0.91	0.59	0.96	0.22		-0.52	0.88	0.67	0.97	0.84	0.88	0.72	-0.67	0.79	0.41	0.91	0.81	0.89
Common Stock	-0.37	-0.23	-0.41	0.2	-0.2	-0.5	-0.38	-0.22	-0.58	-0.09	-0.52		-0.35	-0.39	-0.57	-0.4	-0.32	-0.48	0.64	-0.4	-0.27	-0.49	-0.32	-0.4
Property Plant Equipment	0.9	0.43	0.97	-0.28	0.96	0.91	0.95	0.48	0.74	0.34	0.88	-0.35		0.64	0.74	0.91	0.97	0.64	-0.52	0.79	0.2	0.84	0.9	0.88
Current Deferred Revenue	0.81	0.55	0.5	-0.58	0.63	0.79	0.8	0.86	0.6	0.12	0.67	-0.39	0.64		0.62	0.73	0.69	0.81	-0.77	0.68	0.61	0.72	0.59	0.76
Short Term Investments	0.78	0.45	0.71	-0.41	0.69	0.9	0.8	0.58	1.0	0.19	0.97	-0.57	0.74	0.62		0.72	0.74	0.73	-0.72	0.71	0.46	0.86	0.68	0.8
Deferred Long Term Liab	0.88	0.56	0.84	-0.44	0.84	0.86	0.88	0.54	0.7	0.28	0.84	-0.4	0.91	0.73	0.72		0.93	0.78	-0.7	0.77	0.23	0.75	0.78	0.8
Net Tangible Assets	0.95	0.56	0.91	-0.28	0.92	0.92	0.97	0.61	0.73	0.3	0.88	-0.32	0.97	0.69	0.74	0.93		0.65	-0.53	0.86	0.33	0.85	0.88	0.92
Capital Surpluse	0.69	0.49	0.49	-0.76	0.62	0.75	0.68	0.66	0.71	0.15	0.72	-0.48	0.64	0.81	0.73	0.78	0.65		-0.91	0.55	0.34	0.67	0.61	0.62
Accumulated Depreciation	-0.63	-0.53	-0.4	0.73	-0.47	-0.68	-0.58	-0.6	-0.7	-0.2	-0.67	0.64	-0.52	-0.77	-0.72	-0.7	-0.53	-0.91		-0.51	-0.38	-0.61	-0.36	-0.54
Net Invested Capital	0.94	0.81	0.75	-0.14	0.76	0.85	0.88	0.69	0.7	0.5	0.79	-0.4	0.79	0.68	0.71	0.77	0.86	0.55	-0.51		0.54	0.89	0.71	0.9
Net Working Capital	0.52	0.45	0.11	-0.16	0.19	0.52	0.48	0.85	0.46	-0.05	0.41	-0.27	0.2	0.61	0.46	0.23	0.33	0.34	-0.38	0.54		0.46	0.26	0.62
Long Term Debt Total	0.91	0.6	0.81	-0.31	0.8	0.92	0.92	0.66	0.86	0.3	0.91	-0.49	0.84	0.72	0.86	0.75	0.85	0.67	-0.61	0.89	0.46		0.79	0.9
Capital Stock	0.79	0.28	0.87	-0.21	0.84	0.85	0.88	0.48	0.68	0.11	0.81	-0.32	0.9	0.59	0.68	0.78	0.88	0.61	-0.36	0.71	0.26	0.79		0.84
Short Long Term Debt	0.95	0.55	0.83	-0.24	0.85	0.96	0.98	0.76	0.79	0.26	0.89	-0.4	0.88	0.76	0.8	0.8	0.92	0.62	-0.54	0.9	0.62	0.9	0.84

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If a large number of investors decide to short sell an equity instrument within a small period of time, their combined action can significantly affect the price of the stock.

Competition

Predict Avid Bioservices

Based on the recorded statements, Avid Bioservices has 11.62 M of outstending shares currently sold short by investors. This is 263.29% higher than that of the Biotechnology sector and 128.01% higher than that of the Health Care industry. The number of shares shorted for all United States stocks is 147.01% lower than that of the firm.

Avid Number Of Shares Shorted Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Avid Bioservices' direct or indirect competition against its Number Of Shares Shorted to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Avid Bioservices could also be used in its relative valuation, which is a method of valuing Avid Bioservices by comparing valuation metrics of similar companies.

Avid Bioservices is currently under evaluation in number of shares shorted category among its peers.

Avid Bioservices ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Avid Bioservices' sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Avid Bioservices' managers, analysts, and investors.

Environmental

Governance

Social

Avid Fundamentals

	Return On Equity	-1.16
	Return On Asset	-0.0305
	Profit Margin	(1.01) %
	Operating Margin	(0.06) %
	Current Valuation	967.17 M
	Shares Outstanding	63.96 M
	Shares Owned By Insiders	1.13 %
	Shares Owned By Institutions	98.87 %
	Number Of Shares Shorted	11.62 M
	Price To Earning	10.76 X
	Price To Book	17.74 X
	Price To Sales	5.59 X
	Revenue	139.91 M
	Gross Profit	8.93 M
	EBITDA	(11.48 M)
	Net Income	(140.75 M)
	Cash And Equivalents	115.14 M
	Cash Per Share	1.85 X
	Total Debt	207.83 M
	Debt To Equity	1.02 %
	Current Ratio	1.93 X
	Book Value Per Share	0.96 X
	Cash Flow From Operations	10.95 M
	Short Ratio	3.19 X
	Earnings Per Share	(2.41) X
	Price To Earnings To Growth	16.30 X
	Target Price	12.88
	Number Of Employees	371
	Beta	1.41
	Market Capitalization	795.7 M
	Total Asset	336.56 M
	Retained Earnings	(571.87 M)
	Working Capital	33.44 M
	Current Asset	25.65 M
	Current Liabilities	10.9 M
	Net Asset	336.56 M

About Avid Bioservices Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Avid Bioservices's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Avid Bioservices using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Avid Bioservices based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Avid Bioservices

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Avid Bioservices position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Avid Bioservices will appreciate offsetting losses from the drop in the long position's value.

Moving together with Avid Stock

0.73

BMY

Bristol Myers Squibb Earnings Call This Week

Pair Corr

Moving against Avid Stock

0.81	PDSB	PDS Biotechnology Corp	Pair Corr
0.78	INZY	Inozyme Pharma	Pair Corr
0.78	NKTX	Nkarta Inc	Pair Corr
0.75	JNJ	Johnson Johnson	Pair Corr
0.67	MREO	Mereo BioPharma Group	Pair Corr

The ability to find closely correlated positions to Avid Bioservices could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Avid Bioservices when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Avid Bioservices - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Avid Bioservices to buy it.

The correlation of Avid Bioservices is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Avid Bioservices moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Avid Bioservices moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Avid Bioservices can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Avid Bioservices offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Avid Bioservices' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Avid Bioservices Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Avid Bioservices Stock:

How To Invest In Avid

Details

Is Avid Stock a good investment?

Details

What is Avid Bioservices' Net Worth?

Details

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Check out Avid Bioservices Piotroski F Score and Avid Bioservices Altman Z Score analysis.

To learn how to invest in Avid Stock, please use our How to Invest in Avid Bioservices guide.

You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.

Is Biotechnology space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Avid Bioservices. If investors know Avid will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Avid Bioservices listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.80)

Earnings Share

(2.41)

Revenue Per Share

2.245

Quarterly Revenue Growth

0.065

Return On Assets

(0.03)

The market value of Avid Bioservices is measured differently than its book value, which is the value of Avid that is recorded on the company's balance sheet. Investors also form their own opinion of Avid Bioservices' value that differs from its market value or its book value, called intrinsic value, which is Avid Bioservices' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Avid Bioservices' market value can be influenced by many factors that don't directly affect Avid Bioservices' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Avid Bioservices' value and its price as these two are different measures arrived at by different means. Investors typically determine if Avid Bioservices is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Avid Bioservices' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Avid Bioservices Stock Number Of Shares Shorted

Avid Bioservices Company Number Of Shares Shorted Analysis

Shares Shorted

Shorted by Public

+

by Institutions

Current Avid Bioservices Number Of Shares Shorted

Avid Number Of Shares Shorted Driver Correlations

Avid Number Of Shares Shorted Peer Comparison

Avid Bioservices ESG Sustainability

Avid Fundamentals

About Avid Bioservices Fundamental Analysis

Pair Trading with Avid Bioservices

Moving together with Avid Stock

Moving against Avid Stock

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