China Biologic Products Inc (CBPO) Short Interest Update
China Biologic Products Inc (NASDAQ:CBPO) saw a large increase in short interest in the month of April. As of April 28th, there was short interest totalling 1,801,192 shares, an increase of 6.5% from the April 13th total of 1,690,750 shares. Based on an average daily volume of 212,352 shares, the days-to-cover ratio is presently 8.5 days.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of China Biologic Products from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Jefferies Group LLC set a $128.00 target price on shares of China Biologic Products and gave the company a “buy” rating in a research report on Monday, February 27th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $135.00 target price on shares of China Biologic Products in a research report on Friday, March 3rd.
Shares of China Biologic Products (NASDAQ:CBPO) traded up 1.78% during mid-day trading on Friday, hitting $111.00. 94,937 shares of the stock traded hands. The firm has a market capitalization of $3.02 billion, a P/E ratio of 28.75 and a beta of 1.78. The company’s 50 day moving average is $111.29 and its 200 day moving average is $110.89. China Biologic Products has a one year low of $96.99 and a one year high of $137.38.
China Biologic Products (NASDAQ:CBPO) last posted its quarterly earnings results on Thursday, February 23rd. The biopharmaceutical company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. China Biologic Products had a net margin of 30.63% and a return on equity of 19.61%. The company had revenue of $77.60 million for the quarter, compared to the consensus estimate of $76.61 million. During the same period last year, the company posted $0.74 EPS. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities analysts expect that China Biologic Products will post $5.09 EPS for the current fiscal year.
In other news, CEO David Gao sold 116,653 shares of the business’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $100.63, for a total transaction of $11,738,791.39. Following the transaction, the chief executive officer now owns 449,396 shares in the company, valued at approximately $45,222,719.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Zhijing Cbpo Liu sold 7,500 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $116.49, for a total transaction of $873,675.00. Following the transaction, the insider now owns 10,969 shares in the company, valued at approximately $1,277,778.81. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 144,153 shares of company stock worth $14,628,066. Insiders own 2.68% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Dumac Inc. bought a new stake in China Biologic Products during the fourth quarter worth $100,000. Oppenheimer Asset Management Inc. bought a new stake in China Biologic Products during the first quarter worth $156,000. Eqis Capital Management Inc. increased its stake in China Biologic Products by 51.3% in the first quarter. Eqis Capital Management Inc. now owns 3,220 shares of the biopharmaceutical company’s stock worth $322,000 after buying an additional 1,092 shares during the last quarter. Trexquant Investment LP bought a new stake in China Biologic Products during the fourth quarter worth $462,000. Finally, Nomura Holdings Inc. bought a new stake in China Biologic Products during the first quarter worth $463,000. Institutional investors own 69.86% of the company’s stock.
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China Biologic Products Company Profile
China Biologic Products, Inc (China Biologic) is a biopharmaceutical company. The Company is principally engaged in the research, development, manufacturing and sales of human plasma-based biopharmaceutical products in China. It operates through the manufacture and sales of human plasma products segment.
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