ProQR Therapeutics NV (PRQR) Sees Large Increase in Short Interest
ProQR Therapeutics NV (NASDAQ:PRQR) was the target of a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 985,408 shares, an increase of 60.6% from the October 15th total of 613,551 shares. Based on an average daily volume of 254,800 shares, the days-to-cover ratio is presently 3.9 days. Approximately 3.7% of the shares of the stock are short sold.
Shares of NASDAQ PRQR opened at $19.08 on Friday. ProQR Therapeutics has a 52-week low of $2.75 and a 52-week high of $24.00. The stock has a market capitalization of $774.80 million, a PE ratio of -9.84 and a beta of 0.54. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 0.26.
ProQR Therapeutics (NASDAQ:PRQR) last announced its earnings results on Wednesday, November 7th. The biopharmaceutical company reported ($0.21) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.31) by $0.10. Research analysts predict that ProQR Therapeutics will post -1.38 earnings per share for the current fiscal year.
Several brokerages have recently issued reports on PRQR. BidaskClub lowered shares of ProQR Therapeutics from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of ProQR Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday. HC Wainwright reiterated a “buy” rating and issued a $20.00 target price on shares of ProQR Therapeutics in a research report on Tuesday, October 30th. Evercore ISI began coverage on shares of ProQR Therapeutics in a research report on Tuesday, September 18th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, ValuEngine upgraded shares of ProQR Therapeutics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, September 6th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. ProQR Therapeutics currently has a consensus rating of “Buy” and an average target price of $18.00.
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About ProQR Therapeutics
ProQR Therapeutics N.V., a biopharmaceutical company, engages in the discovery and development of RNA-based therapeutics for the treatment of genetic disorders. Its lead product candidates include eluforsen, a RNA-based oligonucleotide used for the treatment of cystic fibrosis; QR-110, an oligonucleotide that is designed to treat Leber's congenital amaurosis; QR-313, a dermatology candidate for the treatment of epidermolysis bullosa; and QR-421a and QR-411 to treat type 2A Usher syndrome.
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