Solazyme Inc. (TVIA) Sees Significant Decrease in Short Interest
Solazyme Inc. (NASDAQ:TVIA) saw a large decline in short interest in September. As of September 15th, there was short interest totalling 11,102,710 shares, a decline of 8.4% from the August 31st total of 12,116,190 shares. Currently, 14.3% of the company’s stock are short sold. Based on an average trading volume of 428,587 shares, the days-to-cover ratio is currently 25.9 days.
Solazyme (NASDAQ:TVIA) opened at 2.75 on Friday. Solazyme has a 1-year low of $1.18 and a 1-year high of $3.52. The firm’s 50-day moving average price is $2.67 and its 200 day moving average price is $2.39. The stock’s market cap is $234.35 million.
Solazyme (NASDAQ:TVIA) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.29) by $0.03. Solazyme had a negative return on equity of 13,042.64% and a negative net margin of 290.10%. The business had revenue of $9.90 million for the quarter, compared to analyst estimates of $10.85 million. During the same quarter in the prior year, the firm posted $0.40 earnings per share. The firm’s revenue for the quarter was down 15.4% compared to the same quarter last year. Equities research analysts expect that Solazyme will post ($1.15) EPS for the current year.
A hedge fund recently bought a new stake in Solazyme stock. Compagnie Lombard Odier SCmA purchased a new stake in shares of Solazyme Inc. (NASDAQ:TVIA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 440,000 shares of the company’s stock, valued at approximately $1,113,000. Compagnie Lombard Odier SCmA owned about 0.52% of Solazyme as of its most recent SEC filing. Hedge funds and other institutional investors own 34.61% of the company’s stock.
Solazyme, Inc creates renewable oils and bioproducts. The Company’s technology uses microalgae in an industrial fermentation process to transform a range of plant-based sugars into triglyceride oils and other bioproducts. The Company offers Algenist, a skin and personal care product available at Sephora SA and its affiliates, QVC, Inc, SpaceNK Limited, select Nordstrom stores and ULTA Beauty.
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