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## AI legalese decoder: Unraveling the Jargon

Editas Medicine, Inc. (NASDAQ:EDIT – Get Free Report): Short Interest Surge

Editas Medicine, Inc. witnessed a significant surge in short interest in March. By March 31st, the total short interest stood at 16,360,000 shares, a notable increase of 17.4% from the previous total on March 15th, which was 13,930,000 shares. With an average daily trading volume of 1,840,000 shares, the current short-interest ratio sits at 8.9 days.

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## Wall Street Analysts Analyze Editas Medicine

Editas Medicine (EDIT) has captured the attention of multiple research analysts. StockNews.com upgraded the stock from a “sell” to a “hold” rating on March 1st. JPMorgan Chase & Co. increased their target price to $9.00 with a “neutral” rating, while Barclays and Citigroup raised their targets to $11.00 and $16.00 respectively, with “equal weight” and “buy” ratings. With a consensus rating of “Moderate Buy” and a price target of $15.00, Editas Medicine is under the radar of five hold and buy analysts.

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## Insider Trading Activities at Editas Medicine

In recent news, SVP Baisong Mei sold a substantial number of shares, impacting the company’s stock value. This transaction was disclosed in regulatory filings with the Securities and Exchange Commission, highlighting insider activities. CEO Gilmore Neil O’neill also sold a significant number of shares, shedding light on corporate insiders’ actions within the company.

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## Institutional Investors’ Perspectives on Editas Medicine

Institutional investors have made notable changes to their positions in Editas Medicine, reflecting shifting market sentiments. With significant acquisitions and stake adjustments, institutional investors are actively participating in the company’s stock dynamics.

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## Editas Medicine’s Financial Performance and Outlook

Editas Medicine (NASDAQ:EDIT – Get Free Report) exhibited a mix of financial results in its latest quarterly earnings report. With revenue growth and adjusted earnings per share metrics, the company showcased its financial resilience and market positioning. Analysts predict a positive outlook for the company, anticipating future earnings per share metrics.

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