Short Interest in ZIOPHARM Oncology Inc (ZIOP) Decreases By 3.9%
ZIOPHARM Oncology Inc (NASDAQ:ZIOP) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 34,003,445 shares, a drop of 3.9% from the October 31st total of 35,366,556 shares. Based on an average daily volume of 2,066,897 shares, the short-interest ratio is currently 16.5 days. Approximately 26.7% of the shares of the stock are sold short.
Several equities analysts have weighed in on the company. ValuEngine downgraded ZIOPHARM Oncology from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. BidaskClub raised ZIOPHARM Oncology from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. HC Wainwright set a $10.00 price target on ZIOPHARM Oncology and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised ZIOPHARM Oncology from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.58.
ZIOPHARM Oncology (NASDAQ:ZIOP) opened at $4.35 on Tuesday. ZIOPHARM Oncology has a 1 year low of $4.03 and a 1 year high of $7.88.
In other news, CEO Laurence James Neil Cooper acquired 6,440 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $4.68 per share, with a total value of $30,139.20. Following the purchase, the chief executive officer now directly owns 1,083,731 shares of the company’s stock, valued at approximately $5,071,861.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.40% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ZIOP. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of ZIOPHARM Oncology during the third quarter worth $104,000. Amalgamated Bank boosted its holdings in shares of ZIOPHARM Oncology by 12.9% during the second quarter. Amalgamated Bank now owns 16,807 shares of the biotechnology company’s stock worth $105,000 after purchasing an additional 1,924 shares during the last quarter. BB&T Securities LLC acquired a new stake in shares of ZIOPHARM Oncology during the second quarter worth $112,000. Oppenheimer & Co. Inc. boosted its holdings in shares of ZIOPHARM Oncology by 50.0% during the second quarter. Oppenheimer & Co. Inc. now owns 18,000 shares of the biotechnology company’s stock worth $112,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Adell Harriman & Carpenter Inc. acquired a new stake in shares of ZIOPHARM Oncology during the third quarter worth $141,000. 41.90% of the stock is owned by institutional investors.
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ZIOPHARM Oncology Company Profile
ZIOPHARM Oncology, Inc is a biopharmaceutical company, which is seeking to develop, acquire and commercialize, on its own or with partners, a portfolio of cancer therapies that address unmet medical needs. The Company is focused on developing products in immuno-oncology that employ gene expression, control and cell technologies to deliver cell- and viral-based therapies for the treatment of cancer and graft-versus-host-disease.
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