Insys Therapeutics Inc (NASDAQ:INSY) was the recipient of a large growth in short interest in December. As of December 29th, there was short interest totalling 10,941,415 shares, a growth of 7.6% from the December 15th total of 10,172,567 shares. Based on an average trading volume of 2,123,833 shares, the short-interest ratio is presently 5.2 days. Currently, 43.9% of the shares of the stock are short sold.
Insys Therapeutics (NASDAQ:INSY) opened at $9.07 on Wednesday. Insys Therapeutics has a fifty-two week low of $4.10 and a fifty-two week high of $15.02. The company has a market capitalization of $664.98, a price-to-earnings ratio of -3.56 and a beta of 0.76.
Insys Therapeutics (NASDAQ:INSY) last posted its quarterly earnings results on Thursday, November 2nd. The specialty pharmaceutical company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.02). Insys Therapeutics had a negative return on equity of 11.76% and a negative net margin of 112.56%. equities research analysts anticipate that Insys Therapeutics will post -0.63 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of INSY. Schwab Charles Investment Management Inc. raised its holdings in shares of Insys Therapeutics by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 79,943 shares of the specialty pharmaceutical company’s stock worth $1,012,000 after buying an additional 475 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Insys Therapeutics by 6.1% during the 2nd quarter. Rhumbline Advisers now owns 30,970 shares of the specialty pharmaceutical company’s stock worth $392,000 after buying an additional 1,793 shares in the last quarter. State of Wisconsin Investment Board acquired a new position in shares of Insys Therapeutics during the 2nd quarter worth $240,000. SG Americas Securities LLC acquired a new position in shares of Insys Therapeutics during the 2nd quarter worth $138,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Insys Therapeutics by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 156,471 shares of the specialty pharmaceutical company’s stock worth $1,980,000 after buying an additional 1,876 shares in the last quarter. 25.60% of the stock is owned by institutional investors.
WARNING: This piece was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2018/01/17/insys-therapeutics-inc-insy-sees-large-growth-in-short-interest.html.
About Insys Therapeutics
Insys Therapeutics, Inc is a commercial-stage specialty pharmaceutical company. The Company develops and commercializes supportive care products. The Company’s product Subsys, is a sublingual fentanyl spray for breakthrough cancer pain (BTCP) in opioid-tolerant patients and a single-use product that delivers fentanyl, an opioid analgesic, for transmucosal absorption underneath the tongue.
What are top analysts saying about Insys Therapeutics? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Insys Therapeutics and related companies.