Evoke Pharma Inc (NASDAQ:EVOK) Short Interest Update

Evoke Pharma Inc (NASDAQ:EVOK) saw a significant drop in short interest in May. As of May 31st, there was short interest totalling 897,500 shares, a drop of 23.1% from the April 30th total of 1,166,700 shares. Currently, 6.3% of the company’s stock are sold short. Based on an average daily volume of 843,800 shares, the days-to-cover ratio is presently 1.1 days.

NASDAQ EVOK traded down $0.01 during trading on Wednesday, hitting $0.60. The company’s stock had a trading volume of 230,195 shares, compared to its average volume of 569,079. The company has a market cap of $14.04 million, a PE ratio of -1.31 and a beta of 1.73. Evoke Pharma has a fifty-two week low of $0.53 and a fifty-two week high of $3.40.

Evoke Pharma (NASDAQ:EVOK) last issued its quarterly earnings results on Wednesday, May 8th. The specialty pharmaceutical company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.04). On average, analysts expect that Evoke Pharma will post -0.41 EPS for the current year.



A number of equities research analysts recently weighed in on EVOK shares. Zacks Investment Research downgraded Evoke Pharma from a “hold” rating to a “sell” rating in a research report on Tuesday, May 7th. B. Riley set a $5.00 price target on Evoke Pharma and gave the stock a “buy” rating in a report on Monday, March 4th. Finally, HC Wainwright reissued a “hold” rating on shares of Evoke Pharma in a report on Tuesday, May 28th.

A number of hedge funds and other institutional investors have recently modified their holdings of EVOK. Marshall Wace LLP acquired a new stake in shares of Evoke Pharma during the first quarter worth about $139,000. BlackRock Inc. lifted its holdings in shares of Evoke Pharma by 5.5% during the fourth quarter. BlackRock Inc. now owns 83,583 shares of the specialty pharmaceutical company’s stock worth $207,000 after purchasing an additional 4,392 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Evoke Pharma during the first quarter worth about $118,000. 7.40% of the stock is owned by institutional investors and hedge funds.

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Evoke Pharma Company Profile

Evoke Pharma, Inc, a specialty pharmaceutical company, primarily focuses on the development of drugs for the treatment of gastroenterological disorders and diseases. It is developing Gimoti, a metoclopramide nasal spray, which is completed Phase III clinical trials for the relief of symptoms associated with acute and recurrent diabetic gastroparesis in women.

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