uniQure (NASDAQ:QURE) Short Interest Update
uniQure (NASDAQ:QURE) experienced a significant increase in short interest in March, rising 43.9% to 4,390,000 shares. Currently, 9.5% of its stock is short sold, with a short-interest ratio of 3.8 days based on an average daily volume of 1,170,000 shares. The stock traded at $13.00, with a market cap of $703 million. Analysts have mixed ratings, with an average target price of $38.80. Insider selling was noted, with CEO Matthew C. Kapusta selling shares valued at approximately $291,628.89.
uniQure (NASDAQ:QURE - Get Free Report) saw a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 4,390,000 shares, an increase of 43.9% from the March 15th total of 3,050,000 shares. Currently, 9.5% of the company's stock are short sold. Based on an average daily volume of 1,170,000 shares, the short-interest ratio is presently 3.8 days.
uniQure Stock Performance
Shares of NASDAQ:QURE traded up $3.61 during midday trading on Friday, hitting $13.00. The stock had a trading volume of 14,440,345 shares, compared to its average volume of 1,738,888. uniQure has a 1 year low of $3.73 and a 1 year high of $19.18. The company has a current ratio of 6.51, a quick ratio of 6.51 and a debt-to-equity ratio of 0.92. The stock has a 50 day moving average price of $11.89 and a two-hundred day moving average price of $11.18. The company has a market capitalization of $703.00 million, a PE ratio of -2.62 and a beta of 0.42.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price target on shares of uniQure from $35.00 to $30.00 and set an "equal weight" rating for the company in a research report on Friday, February 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $24.00 target price on shares of uniQure in a report on Tuesday, January 21st. Mizuho raised their price target on uniQure from $7.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th. Chardan Capital started coverage on uniQure in a research note on Tuesday, April 1st. They issued a "buy" rating and a $38.00 price objective for the company. Finally, StockNews.com raised shares of uniQure to a "sell" rating in a report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, uniQure has an average rating of "Moderate Buy" and an average target price of $38.80.
Read Our Latest Research Report on QURE
Insider Buying and Selling at uniQure
In other news, CEO Matthew C. Kapusta sold 28,341 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $10.29, for a total value of $291,628.89. Following the transaction, the chief executive officer now owns 651,454 shares in the company, valued at approximately $6,703,461.66. This represents a 4.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Christian Klemt sold 2,916 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $11.32, for a total value of $33,009.12. Following the sale, the chief financial officer now owns 155,168 shares of the company's stock, valued at approximately $1,756,501.76. The trade was a 1.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 90,830 shares of company stock valued at $961,401. Insiders own 4.74% of the company's stock.
Institutional Investors Weigh In On uniQure
Institutional investors have recently added to or reduced their stakes in the business. Twin Tree Management LP purchased a new position in shares of uniQure during the 4th quarter worth approximately $77,000. FNY Investment Advisers LLC purchased a new position in uniQure in the fourth quarter worth $88,000. ADAR1 Capital Management LLC acquired a new stake in uniQure in the fourth quarter valued at $177,000. China Universal Asset Management Co. Ltd. boosted its position in shares of uniQure by 9.6% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 11,062 shares of the biotechnology company's stock worth $195,000 after purchasing an additional 969 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of uniQure by 13.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,294 shares of the biotechnology company's stock worth $217,000 after purchasing an additional 1,503 shares in the last quarter. Hedge funds and other institutional investors own 78.83% of the company's stock.
About uniQure
(Get Free Report)uniQure N.V. develops treatments for patients suffering from rare and other devastating diseases. It offers HEMGENIX that has completed Phase III HOPE-B pivotal trial for the treatment of hemophilia B. The company also develops AMT-130, a gene therapy that is in Phase I/II clinical study for the treatment of Huntington's disease.
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