Danimer Scientific, Inc. (NYSE:DNMR – Get Rating) was the target of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 16,290,000 shares, a growth of 9.7% from the February 13th total of 14,850,000 shares. Based on an average daily volume of 1,400,000 shares, the short-interest ratio is currently 11.6 days.
Wall Street Analyst Weigh In
Separately, Cowen reduced their target price on Danimer Scientific to $4.00 in a report on Tuesday, November 15th.
Danimer Scientific Trading Down 1.8 %
NYSE:DNMR opened at $2.19 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.15 and a quick ratio of 4.04. The business’s 50-day simple moving average is $2.24 and its 200-day simple moving average is $2.58. Danimer Scientific has a fifty-two week low of $1.57 and a fifty-two week high of $6.78. The stock has a market capitalization of $222.04 million, a PE ratio of -1.35 and a beta of 1.42.
Hedge Funds Weigh In On Danimer Scientific
About Danimer Scientific
Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petroleum-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including films, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.
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