TerraVia Holdings, Inc. (NASDAQ:TVIA) was the target of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 12,651,623 shares, a decrease of 14.4% from the June 15th total of 14,774,795 shares. Based on an average daily volume of 1,836,844 shares, the days-to-cover ratio is presently 6.9 days. Currently, 12.6% of the company’s stock are short sold.

A number of research firms have issued reports on TVIA. Zacks Investment Research downgraded TerraVia Holdings from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. ValuEngine downgraded TerraVia Holdings from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd.

Large investors have recently modified their holdings of the company. A.R.T. Advisors LLC purchased a new stake in shares of TerraVia Holdings during the fourth quarter valued at $103,000. Norges Bank purchased a new stake in shares of TerraVia Holdings during the fourth quarter valued at $187,000. Nationwide Fund Advisors boosted its stake in shares of TerraVia Holdings by 249.7% in the first quarter. Nationwide Fund Advisors now owns 181,445 shares of the specialty chemicals company’s stock valued at $131,000 after buying an additional 129,565 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of TerraVia Holdings by 0.6% in the first quarter. Bank of New York Mellon Corp now owns 322,897 shares of the specialty chemicals company’s stock valued at $234,000 after buying an additional 1,856 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in shares of TerraVia Holdings by 106.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 535,906 shares of the specialty chemicals company’s stock valued at $389,000 after buying an additional 276,149 shares in the last quarter. Institutional investors and hedge funds own 43.75% of the company’s stock.

TerraVia Holdings (NASDAQ:TVIA) opened at 0.2179 on Friday. The firm has a 50-day moving average price of $0.29 and a 200-day moving average price of $0.70. The company’s market cap is $23.60 million. TerraVia Holdings has a 12-month low of $0.20 and a 12-month high of $2.98.

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TerraVia Holdings Company Profile

Solazyme, Inc creates renewable oils and bioproducts. The Company’s technology uses microalgae in an industrial fermentation process to transform a range of plant-based sugars into triglyceride oils and other bioproducts. The Company offers Algenist, a skin and personal care product available at Sephora SA and its affiliates, QVC, Inc, SpaceNK Limited, select Nordstrom stores and ULTA Beauty.

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