Crispr Theraptc (CRSP) Sees Large Increase in Short Interest
Crispr Theraptc (NASDAQ:CRSP) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 998,670 shares, an increase of 60.7% from the October 13th total of 621,347 shares. Approximately 8.7% of the company’s stock are sold short. Based on an average daily trading volume, of 210,975 shares, the short-interest ratio is presently 4.7 days.
Crispr Theraptc (NASDAQ CRSP) opened at $17.45 on Monday. Crispr Theraptc has a 1-year low of $11.63 and a 1-year high of $25.00.
Crispr Theraptc (NASDAQ:CRSP) last posted its earnings results on Wednesday, November 8th. The company reported ($0.62) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.60) by ($0.02). Crispr Theraptc had a negative net margin of 466.58% and a negative return on equity of 38.42%. The company had revenue of $2.39 million for the quarter, compared to the consensus estimate of $3.61 million. During the same quarter last year, the business earned ($2.77) earnings per share. Crispr Theraptc’s quarterly revenue was up 54.2% on a year-over-year basis. equities analysts expect that Crispr Theraptc will post -2.49 EPS for the current year.
In other news, Director Kurt Von Emster sold 55,569 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $19.59, for a total value of $1,088,596.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Samarth Kulkarni sold 27,154 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $20.08, for a total value of $545,252.32. Following the completion of the sale, the insider now directly owns 110,893 shares of the company’s stock, valued at approximately $2,226,731.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 343,060 shares of company stock valued at $6,778,681. 39.98% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN raised its holdings in Crispr Theraptc by 129.8% during the third quarter. Wells Fargo & Company MN now owns 18,352 shares of the company’s stock valued at $328,000 after buying an additional 10,365 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Crispr Theraptc during the third quarter valued at about $536,000. Bank of New York Mellon Corp bought a new position in shares of Crispr Theraptc in the third quarter worth about $288,000. New York State Common Retirement Fund bought a new position in shares of Crispr Theraptc in the third quarter worth about $344,000. Finally, Capital Investment Advisory Services LLC bought a new position in shares of Crispr Theraptc in the third quarter worth about $193,000. Institutional investors own 25.52% of the company’s stock.
CRSP has been the subject of several recent research reports. Chardan Capital reiterated a “buy” rating on shares of Crispr Theraptc in a report on Monday, August 14th. Barclays PLC reiterated a “buy” rating and set a $29.00 price objective on shares of Crispr Theraptc in a report on Friday, September 8th. Cann reiterated a “hold” rating on shares of Crispr Theraptc in a report on Thursday. SunTrust Banks, Inc. reiterated a “hold” rating and set a $16.00 price objective on shares of Crispr Theraptc in a report on Friday. Finally, Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Crispr Theraptc in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $23.08.
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Crispr Theraptc Company Profile
Crispr Therapeutics AG is a Switzerland-based gene-editing company. The Company focuses on the development of transformative gene-based medicines for serious diseases using its Clustered Regularly Interspaced Short Palindromic Repeats (CRISPR)/Cas9 gene-editing platform. CRISPR/Cas9 can be programmed to cut, edit and correct disease-associated deoxyribonucleic acid (DNA) in a patient’s cell.
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