Regulus Therapeutics Inc. (RGLS) Sees Significant Increase in Short Interest
Regulus Therapeutics Inc. (NASDAQ:RGLS) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 3,529,089 shares, an increase of 32.7% from the August 15th total of 2,660,204 shares. Based on an average daily volume of 552,900 shares, the short-interest ratio is currently 6.4 days. Approximately 4.6% of the company’s stock are sold short.
A number of research firms have recently commented on RGLS. Chardan Capital cut Regulus Therapeutics from a “buy” rating to a “neutral” rating in a research note on Wednesday, August 2nd. Needham & Company LLC reissued a “hold” rating on shares of Regulus Therapeutics in a research note on Wednesday, August 2nd. Wedbush reissued an “ourperform” rating and issued a $4.00 target price on shares of Regulus Therapeutics in a research note on Monday, August 7th. Zacks Investment Research raised Regulus Therapeutics from a “hold” rating to a “buy” rating and set a $1.00 target price on the stock in a research note on Wednesday, July 12th. Finally, BMO Capital Markets set a $1.00 target price on Regulus Therapeutics and gave the stock a “hold” rating in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Regulus Therapeutics currently has an average rating of “Hold” and a consensus target price of $3.58.
Regulus Therapeutics (NASDAQ:RGLS) opened at 1.31 on Friday. The company’s market capitalization is $135.96 million. Regulus Therapeutics has a one year low of $0.79 and a one year high of $3.65. The stock’s 50 day moving average price is $0.99 and its 200-day moving average price is $1.23.
Regulus Therapeutics (NASDAQ:RGLS) last announced its earnings results on Tuesday, August 1st. The biopharmaceutical company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.10). Regulus Therapeutics had a negative return on equity of 173.20% and a negative net margin of 31,460.47%. The business had revenue of $0.02 million for the quarter, compared to analysts’ expectations of $0.02 million. Equities analysts forecast that Regulus Therapeutics will post ($1.02) EPS for the current year.
In related news, Director William H. Rastetter bought 274,725 shares of the business’s stock in a transaction dated Tuesday, July 25th. The shares were purchased at an average cost of $0.91 per share, with a total value of $249,999.75. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Daniel R. Chevallard bought 54,945 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was bought at an average cost of $0.91 per share, for a total transaction of $49,999.95. Following the completion of the purchase, the chief financial officer now owns 59,415 shares of the company’s stock, valued at approximately $54,067.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 549,450 shares of company stock worth $500,000. 4.80% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in RGLS. Teachers Advisors LLC grew its stake in Regulus Therapeutics by 15.7% during the 4th quarter. Teachers Advisors LLC now owns 72,273 shares of the biopharmaceutical company’s stock worth $163,000 after buying an additional 9,804 shares during the last quarter. Wells Fargo & Company MN grew its stake in Regulus Therapeutics by 13.5% during the 1st quarter. Wells Fargo & Company MN now owns 782,380 shares of the biopharmaceutical company’s stock worth $1,291,000 after buying an additional 93,295 shares during the last quarter. South Dakota Investment Council grew its stake in Regulus Therapeutics by 16.3% during the 1st quarter. South Dakota Investment Council now owns 1,327,058 shares of the biopharmaceutical company’s stock worth $2,190,000 after buying an additional 186,130 shares during the last quarter. Tudor Investment Corp ET AL grew its stake in Regulus Therapeutics by 131.5% during the 1st quarter. Tudor Investment Corp ET AL now owns 108,061 shares of the biopharmaceutical company’s stock worth $178,000 after buying an additional 61,373 shares during the last quarter. Finally, Wedbush Securities Inc. grew its stake in Regulus Therapeutics by 10.3% during the 2nd quarter. Wedbush Securities Inc. now owns 199,521 shares of the biopharmaceutical company’s stock worth $197,000 after buying an additional 18,600 shares during the last quarter. Hedge funds and other institutional investors own 21.93% of the company’s stock.
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About Regulus Therapeutics
Regulus Therapeutics Inc is a biopharmaceutical company focused on discovering and developing drugs that target microRNAs to treat a range of diseases. The Company uses its microRNA product platform to develop chemically modified, single-stranded oligonucleotides that the Company calls anti-miRs to modulate microRNAs and return diseased cells to their healthy state.
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