Tetraphase Pharmaceuticals, Inc. (TTPH) Short Interest Update
Tetraphase Pharmaceuticals, Inc. (NASDAQ:TTPH) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totalling 2,645,906 shares, a drop of 32.0% from the August 31st total of 3,889,264 shares. Based on an average daily trading volume, of 920,846 shares, the short-interest ratio is presently 2.9 days. Currently, 5.2% of the company’s shares are sold short.
Several analysts have commented on the stock. Zacks Investment Research raised Tetraphase Pharmaceuticals from a “hold” rating to a “buy” rating and set a $7.75 price target for the company in a research report on Saturday, September 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Tetraphase Pharmaceuticals in a report on Sunday, September 17th. Stifel Nicolaus reissued a “buy” rating and issued a $13.00 price objective on shares of Tetraphase Pharmaceuticals in a research report on Tuesday, September 12th. ValuEngine lowered shares of Tetraphase Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Piper Jaffray Companies started coverage on shares of Tetraphase Pharmaceuticals in a research report on Monday, August 28th. They issued an “overweight” rating and a $14.00 price objective on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $11.13.
In other news, insider Jacques Dumas sold 17,500 shares of the business’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $6.00, for a total value of $105,000.00. Following the completion of the transaction, the insider now owns 17,500 shares of the company’s stock, valued at approximately $105,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.50% of the company’s stock.
Institutional investors have recently modified their holdings of the business. AXA acquired a new position in shares of Tetraphase Pharmaceuticals in the second quarter valued at about $132,000. Citadel Advisors LLC raised its stake in shares of Tetraphase Pharmaceuticals by 18.6% in the first quarter. Citadel Advisors LLC now owns 15,924 shares of the biopharmaceutical company’s stock worth $146,000 after purchasing an additional 2,496 shares during the last quarter. Virtu KCG Holdings LLC purchased a new position in shares of Tetraphase Pharmaceuticals in the second quarter worth about $147,000. Voya Investment Management LLC raised its stake in shares of Tetraphase Pharmaceuticals by 17.8% in the second quarter. Voya Investment Management LLC now owns 20,583 shares of the biopharmaceutical company’s stock worth $147,000 after purchasing an additional 3,104 shares during the last quarter. Finally, UBS Group AG raised its stake in shares of Tetraphase Pharmaceuticals by 2.3% in the first quarter. UBS Group AG now owns 17,269 shares of the biopharmaceutical company’s stock worth $159,000 after purchasing an additional 387 shares during the last quarter. Institutional investors and hedge funds own 41.73% of the company’s stock.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) opened at 7.25 on Wednesday. The firm has a 50-day moving average price of $6.63 and a 200-day moving average price of $7.29. The firm’s market capitalization is $370.13 million. Tetraphase Pharmaceuticals has a one year low of $3.11 and a one year high of $9.93.
Tetraphase Pharmaceuticals (NASDAQ:TTPH) last posted its earnings results on Wednesday, August 2nd. The biopharmaceutical company reported ($0.83) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.76) by ($0.07). Tetraphase Pharmaceuticals had a negative net margin of 2,092.20% and a negative return on equity of 79.79%. The firm had revenue of $1.59 million for the quarter, compared to analysts’ expectations of $1.54 million. During the same period in the previous year, the company earned ($0.47) EPS. The company’s revenue was up 28.2% on a year-over-year basis. Analysts expect that Tetraphase Pharmaceuticals will post ($2.54) EPS for the current year.
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About Tetraphase Pharmaceuticals
Tetraphase Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company uses its chemistry technology to create antibiotics for multidrug-resistant infections. The Company is developing its lead product candidate, eravacycline, a fully synthetic tetracycline derivative, as a spectrum intravenous (IV) and oral antibiotic for use as a first-line empiric monotherapy for the treatment of multidrug-resistant infections, including multidrug-resistant gram-negative infections.
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