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Added to YB: 2026-09-21

Pitch date: 2026-09-15

AGEN [bearish]

Agenus Inc.

-8.28%

current return

Author Info

Shortfinder specializes in in uncovering small-cap companies at risk of dilution, regulatory setbacks, or fundamental weaknesses. Sign up for the newsletter.

Company Info

Agenus Inc., a clinical-stage biotechnology company, discovers and develops immunotherapies for cancer and infectious diseases in the United States and internationally.

Market Cap

$353.4M

Pitch Price

$7.25

Price Target

5.20 (-34%)

Dividend

N/A

EV/EBITDA

7.38

P/E

3.13

EV/Sales

2.78

Sector

Biotechnology

Category

special_situation

Show full summary:
Shortfinder Research: Agenus (AGEN): The PIPE Is Up 93% and Every Share of It Is Registered

AGEN (short): The thesis is supply, not drug failure: short Agenus at $7.13 with a $5.20 target over 30–90 days. All 78.0M shares and underlying shares from July’s $3.69 PIPE are registered and in the money versus a 30.7M-share float, while warrant exercise is needed to extend cash beyond Q3 2027. Use a half position and $8.60 stop given 21.8% short interest and partnership or clinical-update risk.

Read full article (15 min)