Health and Healthcare
Short Sellers Run for Cover From Major Biotechs
Published:
Last Updated:
The short interest data are out for the November 13 settlement date. Biotech companies are considered a riskier group of stocks, with big upside and big downside. FDA rulings can make or break them. A single failed clinical trial can mean disaster for a stock. 24/7 Wall St. has reviewed the top biotech companies, without focusing on speculative companies.
The November 13 short interest data have been compared with the previous report, and short interest fell in these selected stocks for this settlement date.
Amgen Inc. (NASDAQ: AMGN) saw its short interest fall to 7.80 million shares from the previous level of 9.15 million. Shares closed Tuesday at $162.78, in a 52-week trading range of $130.09 to $181.81.
Biogen Inc. (NASDAQ: BIIB) had its short interest fall to 3.04 million shares from the previous 3.38 million. Shares closed Tuesday at $289.15, within a 52-week trading range of $254.00 to $480.18.
Celgene Corp. (NASDAQ: CELG) short interest for this settlement date decreased to 10.52 million shares from the previous 13.44 million. Shares of Celgene closed Tuesday at $112.67, in a 52-week range of $92.98 to $140.72.
Gilead Sciences Inc. (NASDAQ: GILD) saw its short interest fall to 25.09 million shares from 26.04 million in the previous period. Shares closed Tuesday at $106.57, in a 52-week trading range of $85.95 to $123.37.
MannKind Corp. (NASDAQ: MNKD) saw its short interest increase to 120.55 million shares. The previous reading was 120.02 million. The current reading is the one of the highest readings of the year. Shares closed Tuesday at $2.20, in a 52-week trading range of $1.76 to $7.88.
Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) short interest increased to 6.71 million from the previous level of 6.47 million. The mid-June level was far and away the highest reading on the year, and since that time shares have backed off significantly. Shares closed Tuesday at $177.80, in a 52-week range of $142.02 to $208.88.
ALSO READ: Nasdaq Companies with Largest Short Interest
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
