Neptune Wellness Solutions Inc (NASDAQ:NEPT – Get Free Report) (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
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 – Get Free Report) (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.
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