Akorn (OTCMKTS:UPLCQ) Short Interest Update

Akorn (OTCMKTS:UPLCQ) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 3,682,900 shares, a decrease of 20.4% from the August 15th total of 4,626,300 shares. Based on an average daily trading volume, of 8,097,800 shares, the short-interest ratio is currently 0.5 days.

In other Akorn news, major shareholder Fir Tree Capital Management Lp sold 10,702,359 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $0.01, for a total value of $107,023.59. Corporate insiders own 1.80% of the company’s stock.

OTCMKTS:UPLCQ opened at $0.01 on Thursday. Akorn has a 12-month low of $0.01 and a 12-month high of $0.32. The company has a market cap of $1.20 million, a P/E ratio of 0.00 and a beta of -1.04.

About Akorn

Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, operation, and production of oil and natural gas properties. Its principal business activities are developing its natural gas reserves in the Green River Basin of southwest WyomingÂthe Pinedale and Jonah fields.

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