Short Interest in Danimer Scientific, Inc. (NYSE:DNMR) Grows By 5.2%

Danimer Scientific, Inc. (NYSE:DNMRGet Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 23,150,000 shares, an increase of 5.2% from the April 15th total of 22,000,000 shares. Based on an average daily volume of 936,300 shares, the days-to-cover ratio is presently 24.7 days.

Hedge Funds Weigh In On Danimer Scientific

Several institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. purchased a new stake in shares of Danimer Scientific in the 3rd quarter valued at approximately $27,000. SG Americas Securities LLC purchased a new stake in Danimer Scientific in the 4th quarter valued at about $41,000. Levin Capital Strategies L.P. raised its stake in shares of Danimer Scientific by 423.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 78,500 shares of the company’s stock valued at $80,000 after acquiring an additional 63,500 shares during the period. Raymond James & Associates raised its position in Danimer Scientific by 10.1% in the third quarter. Raymond James & Associates now owns 76,875 shares of the company’s stock valued at $159,000 after purchasing an additional 7,040 shares during the period. Finally, Virtu Financial LLC lifted its stake in Danimer Scientific by 628.5% during the 4th quarter. Virtu Financial LLC now owns 182,078 shares of the company’s stock worth $186,000 after acquiring an additional 157,085 shares in the last quarter. 33.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on DNMR shares. TD Cowen reduced their price objective on Danimer Scientific from $2.25 to $1.50 and set a “buy” rating for the company in a research note on Thursday, April 4th. Piper Sandler restated a “neutral” rating and set a $0.94 price target (down from $2.63) on shares of Danimer Scientific in a research report on Tuesday, April 9th.

View Our Latest Research Report on DNMR

Danimer Scientific Stock Performance

NYSE:DNMR opened at $0.79 on Friday. The company has a quick ratio of 4.91, a current ratio of 6.54 and a debt-to-equity ratio of 1.50. The stock has a 50 day moving average price of $0.76 and a 200 day moving average price of $0.79. Danimer Scientific has a one year low of $0.60 and a one year high of $3.56.

Danimer Scientific (NYSE:DNMRGet Free Report) last issued its earnings results on Thursday, March 28th. The company reported ($0.29) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.29). The business had revenue of $10.95 million during the quarter, compared to the consensus estimate of $10.90 million. Danimer Scientific had a negative return on equity of 49.97% and a negative net margin of 324.79%. On average, analysts forecast that Danimer Scientific will post -0.93 EPS for the current year.

Danimer Scientific Company Profile

(Get Free Report)

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.

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