Alpha Teknova, Inc. (NASDAQ:TKNO) Short Interest Up 54.3% in February

Alpha Teknova, Inc. (NASDAQ:TKNO) saw a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 964,000 shares, an increase of 54.3% from the January 31st total of 624,800 shares. Based on an average daily volume of 278,000 shares, the short-interest ratio is presently 3.5 days. Currently, 9.1% of the shares of the stock are sold short.

Alpha Teknova Price Performance

Shares of TKNO traded down $0.64 during trading hours on Monday, hitting $5.86. The stock had a trading volume of 408,709 shares, compared to its average volume of 277,716. The stock has a market capitalization of $312.38 million, a price-to-earnings ratio of -7.92 and a beta of 0.34. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.73 and a quick ratio of 3.94. The company’s fifty day moving average is $8.32 and its two-hundred day moving average is $6.88. Alpha Teknova has a 52 week low of $1.16 and a 52 week high of $10.37.

Analysts Set New Price Targets

Separately, Craig Hallum started coverage on Alpha Teknova in a research report on Monday, February 10th. They set a “buy” rating and a $12.00 target price for the company.

Institutional Trading of Alpha Teknova

Several hedge funds have recently modified their holdings of TKNO. Invesco Ltd. bought a new stake in Alpha Teknova during the 4th quarter worth approximately $9,236,000. Point72 Asset Management L.P. acquired a new position in Alpha Teknova in the third quarter worth $1,483,000. Bank of America Corp DE boosted its stake in Alpha Teknova by 1.8% in the fourth quarter. Bank of America Corp DE now owns 221,285 shares of the company’s stock worth $1,848,000 after purchasing an additional 3,904 shares in the last quarter. Susquehanna International Group LLP grew its holdings in shares of Alpha Teknova by 472.5% during the fourth quarter. Susquehanna International Group LLP now owns 209,409 shares of the company’s stock worth $1,749,000 after purchasing an additional 172,828 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Alpha Teknova by 24.4% in the third quarter. Geode Capital Management LLC now owns 188,173 shares of the company’s stock valued at $911,000 after buying an additional 36,914 shares in the last quarter. Institutional investors and hedge funds own 13.81% of the company’s stock.

About Alpha Teknova

Alpha Teknova, Inc produces critical reagents for the research, discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics in the United States and internationally. The company offers pre-poured media plates for cell growth and cloning; liquid cell culture media and supplements for cellular expansion; and molecular biology reagents for sample manipulation, resuspension, and purification.