Foamix Pharmaceuticals Ltd (FOMX) Short Interest Up 32.3% in February
Foamix Pharmaceuticals Ltd (NASDAQ:FOMX) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,178,410 shares, a growth of 32.3% from the February 15th total of 1,647,042 shares. Based on an average daily trading volume, of 552,604 shares, the days-to-cover ratio is presently 3.9 days. Approximately 4.6% of the company’s stock are short sold.
Several research analysts have recently weighed in on the stock. HC Wainwright set a $12.00 price target on shares of Foamix Pharmaceuticals and gave the company a “buy” rating in a report on Tuesday, December 4th. Bank of America assumed coverage on shares of Foamix Pharmaceuticals in a report on Wednesday, December 12th. They issued a “buy” rating and a $11.00 price target for the company. Finally, Cowen set a $30.00 price target on shares of Foamix Pharmaceuticals and gave the company a “buy” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $14.69.
In related news, insider Matthew T. Wiley purchased 13,440 shares of Foamix Pharmaceuticals stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $3.76 per share, for a total transaction of $50,534.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is owned by corporate insiders.
Shares of FOMX opened at $4.03 on Friday. Foamix Pharmaceuticals has a 12 month low of $3.21 and a 12 month high of $7.60. The firm has a market cap of $222.92 million, a P/E ratio of -2.37 and a beta of 1.68.
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Foamix Pharmaceuticals Company Profile
Foamix Pharmaceuticals Ltd., a clinical-stage specialty pharmaceutical company, develops and commercializes foam-based formulations primarily for the treatment of moderate-to-severe acne, moderate-to-severe papulo-pustular rosacea, and other skin conditions in the United States and Germany. Its lead product candidates include FMX101, a novel topical foam formulation of the antibiotic minocycline, which has completed a double-blind and dose-ranging Phase II clinical trial for the treatment of moderate-to-severe acne; and FMX102 that has completed a Phase II clinical trial for the treatment of impetigo caused by staphylococcus aureus, including methicillin-resistant staphylococcus aureus.
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