Amyris Inc. (AMRS) Short Interest Update
Amyris Inc. (NASDAQ:AMRS) was the recipient of a large decline in short interest in November. As of November 15th, there was short interest totalling 5,761,321 shares, a decline of 25.5% from the October 31st total of 7,731,396 shares. Based on an average daily trading volume, of 3,929,795 shares, the days-to-cover ratio is presently 1.5 days. Currently, 4.1% of the company’s stock are sold short.
A number of brokerages have recently issued reports on AMRS. Zacks Investment Research lowered shares of Amyris from a “buy” rating to a “hold” rating in a research note on Wednesday, October 19th. Singular Research restated a “buy” rating and issued a $2.80 target price on shares of Amyris in a research note on Wednesday, September 28th.
Shares of Amyris (NASDAQ:AMRS) opened at 0.8068 on Monday. The company’s market cap is $212.20 million. Amyris has a 12 month low of $0.31 and a 12 month high of $1.81. The company’s 50 day moving average is $0.87 and its 200-day moving average is $0.57.
Amyris (NASDAQ:AMRS) last posted its earnings results on Wednesday, November 2nd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.01. The company had revenue of $26.50 million for the quarter, compared to analyst estimates of $33.61 million. During the same quarter in the previous year, the firm earned ($0.23) EPS. The company’s revenue was up 208.1% compared to the same quarter last year. Analysts expect that Amyris will post ($0.25) EPS for the current fiscal year.
In other news, major shareholder (Mauritius) Pte Ltd Maxwell sold 2,611,233 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $0.89, for a total value of $2,323,997.37. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 48.70% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. purchased a new position in Amyris during the first quarter worth about $269,000. KBC Group NV raised its position in Amyris by 330.1% in the third quarter. KBC Group NV now owns 329,101 shares of the company’s stock worth $191,000 after buying an additional 252,589 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Amyris by 22.4% in the second quarter. Vanguard Group Inc. now owns 1,701,779 shares of the company’s stock worth $766,000 after buying an additional 311,142 shares during the last quarter. Institutional investors and hedge funds own 35.83% of the company’s stock.
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Amyris Company Profile
Amyris, Inc is an integrated industrial biotechnology company. The Company is engaged in research and development and sales of fuels and farnesene-derived products. It is applying its industrial synthetic biology platform to engineer, manufacture and sell products into a range of consumer and industrial markets, including cosmetics, flavors and fragrances (F&F), solvents and cleaners, polymers, lubricants, healthcare products and fuels.
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