Insys Therapeutics Inc (INSY) Short Interest Up 32.1% in January

Share on StockTwits

Insys Therapeutics Inc (NASDAQ:INSY) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 8,534,908 shares, an increase of 32.1% from the January 15th total of 6,458,929 shares. Approximately 31.8% of the shares of the company are sold short. Based on an average daily volume of 1,072,688 shares, the days-to-cover ratio is presently 8.0 days.

INSY has been the topic of a number of recent analyst reports. Janney Montgomery Scott set a $11.00 price target on shares of Insys Therapeutics and gave the company a “buy” rating in a research report on Saturday, January 19th. Cantor Fitzgerald initiated coverage on shares of Insys Therapeutics in a research report on Tuesday, January 22nd. They issued an “overweight” rating and a $4.40 price target on the stock. ValuEngine raised shares of Insys Therapeutics from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 1st. Finally, Zacks Investment Research lowered shares of Insys Therapeutics from a “hold” rating to a “sell” rating in a research report on Saturday, November 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $7.68.

Shares of Insys Therapeutics stock traded down $0.02 during midday trading on Monday, hitting $4.39. The company had a trading volume of 1,157,756 shares, compared to its average volume of 1,039,927. The company has a market cap of $326.79 million, a price-to-earnings ratio of -8.96 and a beta of 2.30. Insys Therapeutics has a 1-year low of $3.35 and a 1-year high of $11.65.

Several institutional investors have recently made changes to their positions in INSY. ETF Managers Group LLC acquired a new stake in shares of Insys Therapeutics in the fourth quarter worth $5,076,000. BlackRock Inc. grew its stake in shares of Insys Therapeutics by 7.9% in the second quarter. BlackRock Inc. now owns 2,637,505 shares of the specialty pharmaceutical company’s stock worth $19,096,000 after acquiring an additional 193,740 shares during the last quarter. Millennium Management LLC acquired a new stake in Insys Therapeutics during the second quarter worth $1,232,000. Vanguard Group Inc boosted its stake in Insys Therapeutics by 4.7% during the third quarter. Vanguard Group Inc now owns 2,661,324 shares of the specialty pharmaceutical company’s stock worth $26,825,000 after buying an additional 119,776 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Insys Therapeutics by 4.7% during the third quarter. Vanguard Group Inc. now owns 2,661,324 shares of the specialty pharmaceutical company’s stock worth $26,825,000 after buying an additional 119,776 shares in the last quarter. Institutional investors and hedge funds own 19.04% of the company’s stock.

WARNING: “Insys Therapeutics Inc (INSY) Short Interest Up 32.1% in January” was reported by Zolmax and is the property of of Zolmax. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://zolmax.com/investing/insys-therapeutics-inc-insy-short-interest-up-32-1-in-january/2892329.html.

Insys Therapeutics Company Profile

Insys Therapeutics, Inc, a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets SUBSYS, a sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant adult patients; and SYNDROS, an orally administered liquid formulation of dronabinol for the treatment of chemotherapy-induced nausea and vomiting, and anorexia associated with weight loss in patients with AIDS.

Recommended Story: LIBOR

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

Latest News

Zacks: Brokerages Expect Garrison Capital Inc  Will Announce Quarterly Sales of $9.47 Million
Zacks: Brokerages Expect Garrison Capital Inc Will Announce Quarterly Sales of $9.47 Million
Bancor Trading Up 3.7% This Week
Bancor Trading Up 3.7% This Week
Sugar Exchange  Trading 11.3% Lower  Over Last Week
Sugar Exchange Trading 11.3% Lower Over Last Week
Tenneco Inc  Receives $47.40 Consensus Price Target from Brokerages
Tenneco Inc Receives $47.40 Consensus Price Target from Brokerages
Loeb Partners Corp Sells 20,000 Shares of iShares Silver Trust
Loeb Partners Corp Sells 20,000 Shares of iShares Silver Trust
Rexford Industrial Realty Inc  Holdings Trimmed by Loeb Partners Corp
Rexford Industrial Realty Inc Holdings Trimmed by Loeb Partners Corp


Leave a Reply

 
© 2006-2019 Zolmax.