Short Interest in TG Therapeutics Inc (TGTX) Declines By 9.7%
TG Therapeutics Inc (NASDAQ:TGTX) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 15,260,495 shares, a decrease of 9.7% from the April 15th total of 16,903,739 shares. Currently, 19.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,600,456 shares, the days-to-cover ratio is currently 9.5 days.
A number of research analysts recently commented on TGTX shares. Jefferies Financial Group restated a “buy” rating and set a $8.00 price objective on shares of TG Therapeutics in a research note on Wednesday, February 6th. Zacks Investment Research downgraded TG Therapeutics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 30th. BidaskClub upgraded TG Therapeutics from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. ValuEngine downgraded TG Therapeutics from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, HC Wainwright reissued a “buy” rating and issued a $20.00 price target on shares of TG Therapeutics in a research note on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. TG Therapeutics currently has a consensus rating of “Buy” and a consensus target price of $14.07.
Large investors have recently added to or reduced their stakes in the company. Forbes J M & Co. LLP bought a new position in shares of TG Therapeutics in the fourth quarter worth $44,000. LPL Financial LLC bought a new position in shares of TG Therapeutics in the fourth quarter worth $49,000. NumerixS Investment Technologies Inc bought a new position in shares of TG Therapeutics in the fourth quarter worth $50,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of TG Therapeutics by 46.5% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 6,927 shares of the biopharmaceutical company’s stock worth $56,000 after purchasing an additional 2,200 shares in the last quarter. Finally, National Asset Management Inc. bought a new position in shares of TG Therapeutics in the fourth quarter worth $58,000. 56.39% of the stock is owned by institutional investors.
TG Therapeutics (NASDAQ:TGTX) last released its quarterly earnings results on Friday, May 10th. The biopharmaceutical company reported ($0.43) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.01. TG Therapeutics had a negative return on equity of 309.17% and a negative net margin of 99,471.43%. The company had revenue of $0.04 million during the quarter, compared to analysts’ expectations of $0.04 million. As a group, equities analysts predict that TG Therapeutics will post -1.61 EPS for the current fiscal year.
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TG Therapeutics Company Profile
TG Therapeutics, Inc, a biopharmaceutical company, engages in developing and delivering medicines for patients with chronic lymphocytic leukemia (CLL), non-Hodgkin's Lymphoma (NHL), and Multiple Sclerosis (MS). It develops a robust B-cell directed research and development platform for identification of key B-cell pathways of interest and rapid clinical testing.
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