Pulmatrix, Inc. (NASDAQ:PULM – Get Rating) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totalling 3,700 shares, an increase of 184.6% from the April 30th total of 1,300 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 18,600 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in PULM. Renaissance Technologies LLC lifted its position in Pulmatrix by 7.3% in the 2nd quarter. Renaissance Technologies LLC now owns 121,920 shares of the biotechnology company’s stock valued at $560,000 after acquiring an additional 8,300 shares in the last quarter. Susquehanna International Group LLP bought a new position in shares of Pulmatrix during the 1st quarter valued at $73,000. Mariner LLC bought a new position in shares of Pulmatrix during the 4th quarter valued at $97,000. Finally, Citadel Advisors LLC bought a new position in shares of Pulmatrix during the 2nd quarter valued at $141,000. Hedge funds and other institutional investors own 15.69% of the company’s stock.
Pulmatrix Price Performance
PULM traded up $0.08 during midday trading on Friday, reaching $2.75. 11,706 shares of the company’s stock traded hands, compared to its average volume of 29,697. The firm has a fifty day moving average of $2.88 and a two-hundred day moving average of $3.43. The stock has a market capitalization of $10.04 million, a price-to-earnings ratio of -0.53 and a beta of 0.76. Pulmatrix has a 52 week low of $2.63 and a 52 week high of $7.50.
Wall Street Analysts Forecast Growth
PULM has been the subject of several research analyst reports. StockNews.com initiated coverage on Pulmatrix in a research note on Wednesday. They set a “hold” rating for the company. HC Wainwright reaffirmed a “buy” rating and set a $10.00 price target on shares of Pulmatrix in a research note on Tuesday, February 7th.
Pulmatrix, Inc is a clinical stage biotechnology company, which engages in the development and discovery of novel inhaled therapeutics products. The company was founded by David Alan Edwards, Mark J. Gabrielson, Alexander M. Klibanov, and Robert S. Langer, Jr. on June 15, 2015 and is headquartered in Lexington, MA.
- Get a free copy of the StockNews.com research report on Pulmatrix (PULM)
- Big Lots Becomes A Stomach Churning Value Play
- The Melt-Up In Marvell Is On; But Don’t Chase It Higher
- Is Apple a Growth Stock or a Value Stock?
- Costco’s Earnings Call Reassure Economists, Recession Cancelled
- Hot Inflation, What It Means For The Summer Rally
Receive News & Ratings for Pulmatrix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pulmatrix and related companies with MarketBeat.com's FREE daily email newsletter.