Neptune Wellness Solutions Inc (NASDAQ:NEPT) Short Interest Down 94.5% in August

Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSE:NTB) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totalling 15,000 shares, a decline of 94.5% from the August 15th total of 273,700 shares. Based on an average trading volume of 121,800 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Neptune Wellness Solutions in a research report on Wednesday. They set a “sell” rating on the stock.

Hedge Funds Weigh In On Neptune Wellness Solutions

A number of institutional investors have recently made changes to their positions in NEPT. Virtu Financial LLC raised its position in shares of Neptune Wellness Solutions by 257.6% in the 1st quarter. Virtu Financial LLC now owns 554,376 shares of the biotechnology company’s stock valued at $123,000 after purchasing an additional 399,362 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Neptune Wellness Solutions by 12.6% in the 3rd quarter. Renaissance Technologies LLC now owns 128,684 shares of the biotechnology company’s stock valued at $196,000 after purchasing an additional 14,395 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of Neptune Wellness Solutions in the 3rd quarter valued at approximately $43,000. Morgan Stanley raised its position in shares of Neptune Wellness Solutions by 26,898.7% in the 4th quarter. Morgan Stanley now owns 544,833 shares of the biotechnology company’s stock valued at $172,000 after purchasing an additional 542,815 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in shares of Neptune Wellness Solutions in the 1st quarter valued at approximately $41,000. 14.44% of the stock is owned by institutional investors and hedge funds.

Neptune Wellness Solutions Stock Up 3.4 %

Neptune Wellness Solutions stock traded up $0.19 during midday trading on Wednesday, hitting $5.71. 45,168 shares of the company were exchanged, compared to its average volume of 56,284. The company’s fifty day moving average price is $11.61 and its 200-day moving average price is $14.29. The company has a market cap of $3.44 million, a PE ratio of -0.02 and a beta of 1.98. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.48 and a quick ratio of 0.21. Neptune Wellness Solutions has a fifty-two week low of $4.40 and a fifty-two week high of $94.80.

Neptune Wellness Solutions (NASDAQ:NEPT) (TSE:NTB) last released its quarterly earnings results on Friday, August 18th. The biotechnology company reported ($12.00) EPS for the quarter, missing the consensus estimate of ($11.20) by ($0.80). The company had revenue of $10.63 million for the quarter, compared to analyst estimates of $10.65 million. Neptune Wellness Solutions had a negative return on equity of 263.45% and a negative net margin of 130.06%. On average, research analysts predict that Neptune Wellness Solutions will post -1.08 EPS for the current fiscal year.

About Neptune Wellness Solutions

Neptune Wellness Solutions Inc, a health and wellness products company, specializes in the extraction, purification and formulation of cannabis products, as well as other specialty ingredients, such as MaxSimil, a patented ingredient that enhances the absorption of lipid-based nutraceuticals, and various other marine and seed oils.