Danimer Scientific, Inc. (NYSE:DNMR) Sees Large Growth in Short Interest

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

Several institutional investors and hedge funds have recently modified their holdings of DNMR. Advisor Group Holdings Inc. grew its position in shares of Danimer Scientific by 69.6% in the 1st quarter. Advisor Group Holdings Inc. now owns 39,566 shares of the company’s stock valued at $232,000 after purchasing an additional 16,236 shares during the period. Swiss National Bank grew its position in shares of Danimer Scientific by 10.3% in the 1st quarter. Swiss National Bank now owns 189,800 shares of the company’s stock valued at $1,112,000 after purchasing an additional 17,800 shares during the period. Raymond James & Associates grew its position in shares of Danimer Scientific by 34.0% in the 1st quarter. Raymond James & Associates now owns 74,976 shares of the company’s stock valued at $439,000 after purchasing an additional 19,018 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Danimer Scientific by 151.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 263,931 shares of the company’s stock valued at $1,547,000 after purchasing an additional 158,977 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Danimer Scientific by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 275,166 shares of the company’s stock worth $1,612,000 after acquiring an additional 13,517 shares during the last quarter. 43.98% of the stock is currently owned by institutional investors and hedge funds.

About Danimer Scientific

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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.