NewLink Genetics Corp (NASDAQ:NLNK) Short Interest Up 44.4% in October

NewLink Genetics Corp (NASDAQ:NLNK) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 1,790,000 shares, a growth of 44.4% from the September 30th total of 1,240,000 shares. Currently, 6.2% of the shares of the company are sold short. Based on an average daily trading volume, of 304,000 shares, the days-to-cover ratio is presently 5.9 days.

A number of analysts recently commented on NLNK shares. ValuEngine upgraded shares of NewLink Genetics from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research cut shares of NewLink Genetics from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd.

NASDAQ NLNK traded down $0.01 on Monday, hitting $1.53. The stock had a trading volume of 111,653 shares, compared to its average volume of 395,513. NewLink Genetics has a 52-week low of $1.13 and a 52-week high of $2.27. The company has a debt-to-equity ratio of 0.08, a quick ratio of 12.77 and a current ratio of 12.77. The company has a market capitalization of $58.58 million, a price-to-earnings ratio of -1.06 and a beta of 1.03. The firm has a 50-day moving average of $1.45 and a 200-day moving average of $1.59.

NewLink Genetics (NASDAQ:NLNK) last posted its earnings results on Wednesday, November 6th. The biotechnology company reported ($0.27) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.27). NewLink Genetics had a negative net margin of 6,587.56% and a negative return on equity of 34.44%. The business had revenue of $0.25 million for the quarter. As a group, research analysts anticipate that NewLink Genetics will post -0.03 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of NLNK. Vanguard Group Inc. lifted its stake in NewLink Genetics by 30.5% in the 2nd quarter. Vanguard Group Inc. now owns 1,412,900 shares of the biotechnology company’s stock worth $2,091,000 after purchasing an additional 330,510 shares in the last quarter. Renaissance Technologies LLC lifted its stake in NewLink Genetics by 7.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,927,465 shares of the biotechnology company’s stock worth $4,333,000 after purchasing an additional 205,652 shares in the last quarter. Acadian Asset Management LLC lifted its stake in NewLink Genetics by 35.2% in the 2nd quarter. Acadian Asset Management LLC now owns 546,290 shares of the biotechnology company’s stock worth $808,000 after purchasing an additional 142,207 shares in the last quarter. Paloma Partners Management Co purchased a new stake in NewLink Genetics in the 2nd quarter worth approximately $191,000. Finally, Requisite Capital Management LLC purchased a new stake in NewLink Genetics in the 2nd quarter worth approximately $185,000. Institutional investors and hedge funds own 29.96% of the company’s stock.

NewLink Genetics Company Profile

NewLink Genetics Corporation, a late clinical-stage immuno-oncology company, focuses on discovering and developing novel immunotherapeutic products for the treatment of patients with cancer. It is developing Indoximod, an indoleamine-2, 3-dioxygenase (IDO) pathway inhibitor that is in clinical development in combination with other cancer therapeutics for patients with diffuse intrinsic pontine glioma, pediatric brain tumors, acute myeloid leukemia, and melanoma.

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