Verrica Pharmaceuticals Inc. (NASDAQ:VRCA) Short Interest Update

Verrica Pharmaceuticals Inc. (NASDAQ:VRCAGet Free Report) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 2,270,000 shares, a drop of 27.9% from the May 15th total of 3,150,000 shares. Currently, 8.7% of the company’s shares are sold short. Based on an average trading volume of 381,600 shares, the short-interest ratio is presently 5.9 days.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VRCA. HC Wainwright reiterated a “neutral” rating on shares of Verrica Pharmaceuticals in a research report on Tuesday, April 8th. Wall Street Zen raised shares of Verrica Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Verrica Pharmaceuticals in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.00.

Read Our Latest Report on VRCA

Hedge Funds Weigh In On Verrica Pharmaceuticals

Institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. acquired a new stake in Verrica Pharmaceuticals in the 4th quarter valued at approximately $32,000. AQR Capital Management LLC lifted its position in shares of Verrica Pharmaceuticals by 306.7% in the first quarter. AQR Capital Management LLC now owns 58,711 shares of the company’s stock valued at $26,000 after buying an additional 44,275 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Verrica Pharmaceuticals by 127.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 99,505 shares of the company’s stock worth $44,000 after purchasing an additional 55,852 shares during the period. Kovitz Investment Group Partners LLC bought a new position in shares of Verrica Pharmaceuticals in the first quarter valued at about $45,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Verrica Pharmaceuticals by 23.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 139,055 shares of the company’s stock worth $61,000 after buying an additional 26,308 shares during the period. 42.45% of the stock is currently owned by institutional investors and hedge funds.

Verrica Pharmaceuticals Price Performance

Shares of VRCA stock opened at $0.58 on Thursday. The stock has a market cap of $53.53 million, a PE ratio of -0.48 and a beta of 1.75. The stock has a 50-day moving average of $0.54 and a 200-day moving average of $0.63. Verrica Pharmaceuticals has a one year low of $0.38 and a one year high of $8.98.

Verrica Pharmaceuticals (NASDAQ:VRCAGet Free Report) last issued its earnings results on Tuesday, May 13th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.04. The firm had revenue of $3.44 million during the quarter, compared to the consensus estimate of $2.53 million. As a group, research analysts anticipate that Verrica Pharmaceuticals will post -1.46 earnings per share for the current year.

Verrica Pharmaceuticals Company Profile

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Verrica Pharmaceuticals Inc, a clinical-stage dermatology therapeutics company, develops medications for the treatment of skin diseases in the United States. Its product pipeline comprises YCANTH (VP-102), which is in phase III clinical trial for the treatment of common warts; and has completed phase II clinical trial for the treatment of external genital warts.

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