Short Interest in Solazyme Rises By 7.7% (SZYM)
Solazyme (NASDAQ:SZYM) saw a significant growth in short interest in the month of August. As of August 15th, there was short interest totalling 19,140,646 shares, a growth of 7.7% from the July 31st total of 17,778,221 shares, AnalystRatingsNetwork.com reports. Currently, 33.5% of the shares of the company are sold short. Based on an average daily volume of 822,393 shares, the short-interest ratio is currently 23.3 days.
In other Solazyme news, General Counsel Paul T. Quinlan unloaded 8,500 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $9.43, for a total value of $80,155.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Solazyme (NASDAQ:SZYM) opened at 9.38 on Monday. Solazyme has a one year low of $8.00 and a one year high of $15.00. The stock has a 50-day moving average of $9.57 and a 200-day moving average of $10.86. The company’s market cap is $738.2 million.
Solazyme (NASDAQ:SZYM) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.43) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.36) by $0.07. The company had revenue of $15.94 million for the quarter, compared to the consensus estimate of $17.13 million. During the same quarter in the prior year, the company posted ($0.28) earnings per share. The company’s quarterly revenue was up 42.6% on a year-over-year basis. Analysts expect that Solazyme will post $-1.71 EPS for the current fiscal year.
Solazyme, Inc operates as a renewable oil production company. The Company fuels include microbial-derived jet fuels, bio-diesels, and renewable diesels.
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