Short Interest in Opko Health Inc. (NASDAQ:OPK) Expands By 10.1%

Opko Health Inc. (NASDAQ:OPK) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 81,261,939 shares, a growth of 10.1% from the February 28th total of 73,801,069 shares. Based on an average trading volume of 5,628,579 shares, the short-interest ratio is currently 14.4 days. Currently, 22.6% of the shares of the company are sold short.

A number of brokerages have weighed in on OPK. Zacks Investment Research downgraded shares of Opko Health from a “buy” rating to a “hold” rating in a report on Monday, February 4th. Barrington Research reissued a “buy” rating and issued a $5.00 price target on shares of Opko Health in a report on Thursday, February 28th. Finally, ValuEngine upgraded Opko Health from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Opko Health currently has a consensus rating of “Buy” and an average target price of $9.67.

In other Opko Health news, Vice Chairman Jane Ph D. Hsiao purchased 10,000 shares of the business’s stock in a transaction on Thursday, January 31st. The stock was bought at an average cost of $7.96 per share, with a total value of $79,600.00. Following the acquisition, the insider now owns 24,455,147 shares of the company’s stock, valued at $194,662,970.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phillip Md Et Al Frost purchased 50,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was acquired at an average cost of $2.42 per share, with a total value of $121,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 3,068,951 shares in the company, valued at approximately $7,426,861.42. The disclosure for this purchase can be found here. Insiders have bought 798,000 shares of company stock valued at $2,032,580 in the last 90 days. Insiders own 42.74% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of OPK. Diversified Trust Co acquired a new position in shares of Opko Health in the 4th quarter valued at about $30,000. FDx Advisors Inc. acquired a new position in Opko Health in the fourth quarter worth approximately $33,000. Meeder Asset Management Inc. increased its holdings in Opko Health by 58.7% in the first quarter. Meeder Asset Management Inc. now owns 13,102 shares of the biotechnology company’s stock worth $35,000 after buying an additional 4,846 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new position in Opko Health in the first quarter worth approximately $39,000. Finally, Douglas Lane & Associates LLC acquired a new position in Opko Health in the fourth quarter worth approximately $42,000. Institutional investors own 23.10% of the company’s stock.

NASDAQ OPK traded down $0.01 on Friday, hitting $2.40. 6,731,012 shares of the company were exchanged, compared to its average volume of 3,690,665. The company has a current ratio of 1.10, a quick ratio of 0.96 and a debt-to-equity ratio of 0.03. The company has a market cap of $1.48 billion, a PE ratio of -9.60 and a beta of 1.88. Opko Health has a twelve month low of $2.34 and a twelve month high of $6.40.

Opko Health (NASDAQ:OPK) last posted its quarterly earnings data on Wednesday, February 27th. The biotechnology company reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. The firm had revenue of $221.90 million for the quarter, compared to the consensus estimate of $242.05 million. Opko Health had a negative return on equity of 7.69% and a negative net margin of 15.46%. Research analysts forecast that Opko Health will post -0.2 EPS for the current fiscal year.

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Opko Health Company Profile

OPKO Health, Inc, a healthcare company, engages in the diagnostics and pharmaceuticals business in the United States, Ireland, Chile, Spain, Israel, Mexico, and internationally. The company's Diagnostics segment operates BioReference Laboratories, a clinical laboratory that offers laboratory testing services.

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