Positive sentiment towards SAVA reflected by a fall of -5.96% in short interest

NUE

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cassava Sciences Inc shares valued at $39,940 were purchased by Cook Robert Christopher on Sep 30 ’25. At $2.91 per share, Cook Robert Christopher acquired 13,725 shares. The insider’s holdings grew to 13,725 shares worth approximately $47076.75 following the completion of this transaction.

Also, Barry Richard purchased 7,172 shares, netting a total of over 16,352 in proceeds. Following the buying of shares at $2.28 each, the insider now holds 714,675 shares.

Before that, Barry Richard had added 190,633 shares to its account. In a trade valued at $426,424, the President & CEO bought Cassava Sciences Inc shares for $2.24 each. Upon closing the transaction, the insider’s holdings increased to 190,633 shares, worth approximately $2.26 million.

As published in a research note from H.C. Wainwright on November 26, 2024, Cassava Sciences Inc [SAVA] has been rated down from a Buy to a Neutral. Analysts at H.C. Wainwright upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of July 01, 2024, H.C. Wainwright has decreased its “Buy” rating to a “Neutral” for SAVA. Earlier on November 16, 2022, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for SAVA stock which previously was a “a Buy”.

Analyzing SAVA Stock Performance

On last trading session, Cassava Sciences Inc [NASDAQ: SAVA] rose 7.19% to $3.43. The stock’s lowest price that day was $3.14, but it reached a high of $3.49 in the same session. During the last five days, there has been a surge of approximately 10.65%. Over the course of the year, Cassava Sciences Inc shares have dropped approximately -88.35%. Shares of the company reached a 52-week high of $3.66 on 09/23/25 and a 52-week low of $1.15 on 04/10/25.

Support And Resistance Levels for Cassava Sciences Inc (SAVA)

According to the 24-hour chart, there is a support level at 3.22, which, if violated, would cause prices to drop to 3.00. In the upper region, resistance lies at 3.57. The next price resistance is at 3.70. RSI (Relative Strength Index) is 69.32 on the 14-day chart, showing neutral technical sentiment.

Is Cassava Sciences Inc subject to short interest?

Stocks of Cassava Sciences Inc saw a sharp steep in short interest on 2025-09-15 dropping by -0.35 million shares to 5.89 million. Data from Yahoo Finance shows that the short interest on 2025-08-15 was 6.24 million shares. A decline of -5.96% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 11.26 of the overall float, the days-to-cover ratio (short ratio) decline to 11.26.

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