Amyris Inc (AMRS) Short Interest Update
Amyris Inc (NASDAQ:AMRS) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 9,016,318 shares, a decline of 39.1% from the April 15th total of 14,805,158 shares. Based on an average daily volume of 3,798,971 shares, the days-to-cover ratio is presently 2.4 days. Approximately 33.4% of the company’s stock are short sold.
In other news, Director L John Doerr purchased 2,832,440 shares of the business’s stock in a transaction that occurred on Wednesday, April 24th. The shares were acquired at an average cost of $5.12 per share, for a total transaction of $14,502,092.80. Following the completion of the acquisition, the director now owns 5,532 shares in the company, valued at $28,323.84. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank Kung purchased 913,529 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average price of $4.76 per share, for a total transaction of $4,348,398.04. Following the completion of the acquisition, the director now owns 3,599 shares of the company’s stock, valued at approximately $17,131.24. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 10,478,338 shares of company stock worth $38,172,390. 21.80% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMRS. SG Americas Securities LLC purchased a new position in Amyris in the first quarter valued at about $28,000. American Financial Advisors LLC purchased a new position in Amyris in the first quarter valued at about $33,000. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Amyris in the first quarter valued at about $38,000. Jane Street Group LLC purchased a new position in Amyris in the fourth quarter valued at about $48,000. Finally, Caption Management LLC purchased a new position in Amyris in the fourth quarter valued at about $50,000. Hedge funds and other institutional investors own 33.29% of the company’s stock.
Amyris (NASDAQ:AMRS) last released its earnings results on Monday, March 18th. The biotechnology company reported ($1.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($1.51). The business had revenue of $19.36 million for the quarter, compared to analysts’ expectations of $98.52 million. The firm’s revenue was down 76.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.61 EPS. As a group, equities research analysts anticipate that Amyris will post -0.31 EPS for the current year.
A number of research analysts have weighed in on the stock. BidaskClub upgraded shares of Amyris from a “sell” rating to a “hold” rating in a research note on Thursday, April 18th. HC Wainwright set a $11.00 target price on shares of Amyris and gave the company a “buy” rating in a research note on Tuesday, February 5th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Amyris currently has an average rating of “Buy” and a consensus target price of $9.50.
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Amyris Company Profile
Amyris, Inc, an integrated renewable products company, delivers alternatives to petroleum, plant, and animal-based products across a range of consumer and industry segments worldwide. It applies its bioscience solutions to convert plant sugars into hydrocarbon molecules, specialty ingredients, and consumer products.
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