Short Interest in Pfenex Inc (PFNX) Increases By 13.4%
Pfenex Inc (NYSEAMERICAN:PFNX) was the target of a significant growth in short interest in the month of December. As of December 29th, there was short interest totalling 198,379 shares, a growth of 13.4% from the December 15th total of 174,975 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 721,971 shares, the short-interest ratio is currently 0.3 days.
A number of large investors have recently made changes to their positions in PFNX. Legal & General Group Plc boosted its holdings in Pfenex by 2,567.5% in the second quarter. Legal & General Group Plc now owns 110,249 shares of the biotechnology company’s stock worth $442,000 after acquiring an additional 106,116 shares in the last quarter. AJO LP bought a new position in Pfenex in the second quarter worth approximately $946,000. Dimensional Fund Advisors LP boosted its holdings in Pfenex by 112.1% in the second quarter. Dimensional Fund Advisors LP now owns 201,066 shares of the biotechnology company’s stock worth $806,000 after acquiring an additional 106,257 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Pfenex by 186.0% in the second quarter. Goldman Sachs Group Inc. now owns 160,204 shares of the biotechnology company’s stock worth $642,000 after acquiring an additional 104,184 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new position in Pfenex in the second quarter worth approximately $272,000.
Pfenex (NYSEAMERICAN:PFNX) traded up $0.01 during midday trading on Wednesday, reaching $3.17. The company had a trading volume of 27,700 shares, compared to its average volume of 178,533. Pfenex has a fifty-two week low of $2.07 and a fifty-two week high of $9.67. The firm has a market capitalization of $79.59, a PE ratio of -1.78 and a beta of 3.95.
Pfenex (NYSEAMERICAN:PFNX) last released its earnings results on Thursday, November 9th. The biotechnology company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.17. Pfenex had a negative return on equity of 63.57% and a negative net margin of 175.52%. The business had revenue of $5.02 million during the quarter, compared to analysts’ expectations of $3.30 million. During the same quarter last year, the firm posted $1.46 earnings per share. The firm’s revenue was down 89.7% on a year-over-year basis.
Several equities research analysts recently commented on PFNX shares. Zacks Investment Research raised Pfenex from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. JMP Securities decreased their target price on Pfenex from $21.00 to $8.00 and set an “outperform” rating for the company in a research note on Friday, November 10th. Two research analysts have rated the stock with a sell rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $5.50.
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Pfenex Inc is a clinical-stage biotechnology company. The Company is engaged in the development of biosimilar and therapeutic equivalent products to branded therapeutics and other high-value and difficult-to-manufacture proteins. Its lead product candidate is PF582, a biosimilar candidate to Lucentis (ranibizumab).
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