Valeritas Holdings Inc (VLRX) Short Interest Update

Valeritas Holdings Inc (NASDAQ:VLRX) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 3,324,572 shares, a growth of 58.0% from the October 15th total of 2,104,321 shares. Based on an average daily volume of 402,135 shares, the short-interest ratio is currently 8.3 days. Approximately 19.4% of the company’s stock are short sold.

Separately, Oppenheimer set a $4.00 price target on Valeritas and gave the company a “buy” rating in a research note on Tuesday, August 7th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Valeritas has an average rating of “Buy” and an average target price of $3.67.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bainco International Investors purchased a new position in shares of Valeritas in the 2nd quarter worth approximately $228,000. C WorldWide Group Holding A S boosted its stake in shares of Valeritas by 28.0% in the 2nd quarter. C WorldWide Group Holding A S now owns 316,194 shares of the company’s stock worth $424,000 after buying an additional 69,216 shares during the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Valeritas in the 2nd quarter worth approximately $448,000. Hedge funds and other institutional investors own 7.38% of the company’s stock.

VLRX stock opened at $1.08 on Friday. The stock has a market cap of $29.33 million, a price-to-earnings ratio of -0.13 and a beta of 2.58. The company has a debt-to-equity ratio of 13.66, a current ratio of 4.03 and a quick ratio of 3.42. Valeritas has a 52-week low of $0.78 and a 52-week high of $6.79.

Valeritas (NASDAQ:VLRX) last announced its earnings results on Tuesday, August 7th. The company reported ($0.62) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.11. Valeritas had a negative return on equity of 1,768.69% and a negative net margin of 205.12%. The firm had revenue of $6.50 million for the quarter, compared to the consensus estimate of $6.30 million. On average, analysts forecast that Valeritas will post -2.76 EPS for the current year.

WARNING: “Valeritas Holdings Inc (VLRX) Short Interest Update” was originally reported by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/11/10/valeritas-holdings-inc-vlrx-short-interest-update.html.

Valeritas Company Profile

Valeritas Holdings, Inc, a commercial-stage medical technology company, focuses on the development and commercialization of technologies to treat patients with Type 2 diabetes in the United States and China. It offers V-Go, a wearable insulin delivery device for basal-bolus therapy. The company also develops h-Patch, a controlled delivery technology platform; Mini-Ject technology for needle-free injection systems; and Micro-Trans technology for microneedle design, fabrication, and drug delivery.

Featured Story: What is the float in trading stocks?

Receive News & Ratings for Valeritas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Valeritas and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply