AEterna Zentaris Inc. (USA) (AEZS) Making Another Monster Move Today

As industrywide interest jumped, key money managers were breaking ground themselves. Hudson Bay Capital Management created the largest position in AEterna Zentaris Inc. (USA) (NASDAQ:AEZS). Hudson Bay Capital Management had $0.1 million invested in the company at the end of the quarter. Citadel Investment Group also made a $0.1 million investment in the stock during the quarter. The other fund with a brand new AEterna Zentaris Inc. position is Two Sigma Advisors.

Let’s now take a look at hedge fund activity in other stocks similar to AEterna Zentaris Inc. (USA) (NASDAQ:AEZS). These stocks are EnteroMedics Inc (NASDAQ:ETRM), Biodel Inc (NASDAQ:BIOD), Rubicon Technology, Inc. (NASDAQ:RBCN), and Echelon Corporation (NASDAQ:ELON). This group of stocks’ market valuations are closest to AEterna Zentaris Inc.’s market valuation.

As you can see these stocks had an average of 5.5 hedge funds with bullish positions and the average amount invested in these stocks was $5 million. That figure was $1 million in AEterna Zentaris Inc.’s case. Biodel Inc (NASDAQ:BIOD) is the most popular stock in this table. On the other hand Echelon Corporation (NASDAQ:ELON) is the least popular one with only 4 bullish hedge fund positions. Compared to these stocks AEterna Zentaris Inc. (USA) (NASDAQ:AEZS) is tied for the least ownership. However, given that ownership has doubled in the last quarter and the company is finally making a move towards the finish line with Macrilen, it’s worth giving this stock a deeper look.