Endocyte, Inc. (NASDAQ:ECYT) Short Interest Update
Endocyte, Inc. (NASDAQ:ECYT) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totalling 1,132,626 shares, a decrease of 54.0% from the June 15th total of 2,462,281 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily trading volume, of 940,842 shares, the days-to-cover ratio is presently 1.2 days.
Shares of Endocyte (ECYT) opened at 1.45 on Monday. Endocyte has a one year low of $1.36 and a one year high of $3.49. The company’s market capitalization is $61.58 million. The company has a 50-day moving average price of $2.04 and a 200 day moving average price of $2.28.
Endocyte (NASDAQ:ECYT) last announced its quarterly earnings data on Wednesday, May 10th. The biopharmaceutical company reported ($0.27) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.01. The company had revenue of $0.01 million for the quarter. Endocyte had a negative return on equity of 29.67% and a negative net margin of 59,808.57%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.24) earnings per share. Equities analysts anticipate that Endocyte will post ($0.89) EPS for the current year.
A number of institutional investors have recently made changes to their positions in the company. Stifel Financial Corp boosted its position in shares of Endocyte by 3.9% in the first quarter. Stifel Financial Corp now owns 45,353 shares of the biopharmaceutical company’s stock worth $112,000 after buying an additional 1,711 shares during the period. Two Sigma Investments LP bought a new position in shares of Endocyte during the fourth quarter worth approximately $140,000. Stoneridge Investment Partners LLC boosted its position in shares of Endocyte by 40.0% in the first quarter. Stoneridge Investment Partners LLC now owns 57,406 shares of the biopharmaceutical company’s stock worth $148,000 after buying an additional 16,399 shares during the period. Teachers Advisors LLC boosted its position in shares of Endocyte by 17.1% in the fourth quarter. Teachers Advisors LLC now owns 65,119 shares of the biopharmaceutical company’s stock worth $166,000 after buying an additional 9,506 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Endocyte by 26.7% in the first quarter. Ameriprise Financial Inc. now owns 133,270 shares of the biopharmaceutical company’s stock worth $343,000 after buying an additional 28,110 shares during the period. 33.04% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have recently issued reports on ECYT shares. Zacks Investment Research raised Endocyte from a “hold” rating to a “buy” rating and set a $1.75 price objective for the company in a research note on Thursday, June 8th. Cowen and Company reaffirmed a “buy” rating on shares of Endocyte in a research note on Wednesday, April 5th. Wedbush downgraded Endocyte from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $8.00 to $2.00 in a research note on Monday, June 5th. Finally, ValuEngine downgraded Endocyte from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $3.58.
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Endocyte Company Profile
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