Health and Healthcare

Short Sellers Grow More Selective on Major Biotechs

Thinkstock
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

The short interest data are out for the May 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 May 13 short interest data have been compared with the previous report, and short interest moves were mixed in these selected biotech stocks.

Amgen Inc. (NASDAQ: AMGN) saw its short interest rise to 7.50 million shares from the previous level of 7.36 million. Shares closed most recently at $152.72, in a 52-week trading range of $130.09 to $181.81.

Biogen Inc. (NASDAQ: BIIB) had its short interest increase to 2.24 million shares from the previous level of 1.95 million. The stock closed Tuesday at $272.94, within a 52-week range of $242.07 to $420.99.

Celgene Corp. (NASDAQ: CELG) short interest for this settlement date increased to 8.94 million shares from the previous 7.97 million. Shares closed most recently at $103.70, in a 52-week range of $92.98 to $140.72.


Gilead Sciences Inc. (NASDAQ: GILD) saw its short interest decrease to 23.36 million shares from 28.07 million in the previous period. Shares closed Tuesday at $86.22, in a 52-week trading range of $81.28 to $123.37.

MannKind Corp. (NASDAQ: MNKD) saw its short interest decrease to 97.22 million shares. The previous reading was 105.71 million. Shares closed most recently at $0.97, in a 52-week trading range of $0.64 to $7.32.

Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) short interest decreased to 5.49 million, compared to the previous level of 5.56 million. Shares closed most recently at $146.67, in a 52-week range of $124.16 to $208.88.

Cash Back Credit Cards Have Never Been This Good

Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.