Xeris Pharmaceuticals Inc (XERS) Short Interest Update

Xeris Pharmaceuticals Inc (NASDAQ:XERS) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 933,515 shares, a growth of 52.4% from the February 28th total of 612,623 shares. Approximately 4.2% of the shares of the company are short sold. Based on an average trading volume of 466,133 shares, the short-interest ratio is presently 2.0 days.

In related news, insider James E. Flynn sold 7,038 shares of the business’s stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $15.12, for a total value of $106,414.56. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Steven Prestrelski sold 10,000 shares of the business’s stock in a transaction dated Thursday, April 11th. The shares were sold at an average price of $9.56, for a total value of $95,600.00. The disclosure for this sale can be found here. Over the last 90 days, insiders purchased 620,500 shares of company stock worth $6,178,600 and sold 153,530 shares worth $2,299,553. Insiders own 7.43% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp purchased a new stake in Xeris Pharmaceuticals in the third quarter worth approximately $262,000. BlackRock Inc. boosted its stake in Xeris Pharmaceuticals by 1,477.7% in the third quarter. BlackRock Inc. now owns 394,416 shares of the company’s stock worth $6,933,000 after buying an additional 369,416 shares in the last quarter. FMR LLC boosted its stake in Xeris Pharmaceuticals by 128.6% in the third quarter. FMR LLC now owns 1,833,031 shares of the company’s stock worth $32,225,000 after buying an additional 1,031,231 shares in the last quarter. Vanguard Group Inc. boosted its stake in Xeris Pharmaceuticals by 920.3% in the third quarter. Vanguard Group Inc. now owns 255,064 shares of the company’s stock worth $4,484,000 after buying an additional 230,064 shares in the last quarter. Finally, Vanguard Group Inc boosted its stake in Xeris Pharmaceuticals by 920.3% in the third quarter. Vanguard Group Inc now owns 255,064 shares of the company’s stock worth $4,484,000 after buying an additional 230,064 shares in the last quarter. 40.09% of the stock is owned by institutional investors.

Shares of NASDAQ XERS traded down $0.41 during midday trading on Monday, hitting $9.35. 116,178 shares of the company’s stock were exchanged, compared to its average volume of 281,506. Xeris Pharmaceuticals has a 12-month low of $8.67 and a 12-month high of $27.98. The company has a current ratio of 11.59, a quick ratio of 11.59 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $254.55 million and a price-to-earnings ratio of -1.87.

Xeris Pharmaceuticals (NASDAQ:XERS) last issued its quarterly earnings data on Wednesday, March 6th. The company reported ($0.98) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.94) by ($0.04). The firm had revenue of $0.80 million during the quarter, compared to the consensus estimate of $0.10 million. On average, analysts predict that Xeris Pharmaceuticals will post -3.28 earnings per share for the current year.

XERS has been the subject of a number of recent analyst reports. ValuEngine lowered Xeris Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Zacks Investment Research lowered Xeris Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, January 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $23.60.

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Xeris Pharmaceuticals Company Profile

Xeris Pharmaceuticals, Inc, a specialty pharmaceutical company, develops and commercializes ready-to-use injectable and infusible drug formulations. Its proprietary XeriSol and XeriJect formulation technologies allow for the subcutaneous and intramuscular delivery of highly-concentrated, ready-to-use formulations of peptides, proteins, antibodies, and small molecules using commercially available syringes, auto-injectors, multi-dose pens, and infusion pumps.

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