Opko Health Inc. (OPK) Short Interest Update

Opko Health Inc. (NASDAQ:OPK) saw a significant increase in short interest in the month of March. As of March 29th, there was short interest totalling 84,990,147 shares, an increase of 4.6% from the March 15th total of 81,261,939 shares. Based on an average daily trading volume, of 4,704,126 shares, the short-interest ratio is presently 18.1 days. Approximately 23.7% of the shares of the company are sold short.

In related news, CEO Phillip Md Et Al Frost bought 80,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were acquired at an average price of $2.32 per share, with a total value of $185,600.00. Following the completion of the acquisition, the chief executive officer now owns 3,068,951 shares in the company, valued at approximately $7,119,966.32. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders have acquired 868,000 shares of company stock worth $2,138,580. 42.74% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Opko Health in the fourth quarter valued at $9,207,000. Dimensional Fund Advisors LP increased its stake in Opko Health by 25.3% during the third quarter. Dimensional Fund Advisors LP now owns 4,440,784 shares of the biotechnology company’s stock worth $15,363,000 after acquiring an additional 897,406 shares during the last quarter. FMR LLC acquired a new stake in Opko Health during the third quarter worth about $2,362,000. Vanguard Group Inc increased its stake in Opko Health by 2.1% during the third quarter. Vanguard Group Inc now owns 29,660,750 shares of the biotechnology company’s stock worth $102,626,000 after acquiring an additional 614,442 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Opko Health by 2.1% during the third quarter. Vanguard Group Inc. now owns 29,660,750 shares of the biotechnology company’s stock worth $102,626,000 after acquiring an additional 614,442 shares during the last quarter. Institutional investors own 22.69% of the company’s stock.

OPK traded up $0.04 during trading on Friday, reaching $2.41. 4,441,172 shares of the stock were exchanged, compared to its average volume of 4,953,480. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.96 and a current ratio of 1.10. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -9.64 and a beta of 1.82. Opko Health has a 1 year low of $2.23 and a 1 year high of $6.40.

Opko Health (NASDAQ:OPK) last posted its earnings results on Wednesday, February 27th. The biotechnology company reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.01. The company 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%. On average, analysts predict that Opko Health will post -0.2 EPS for the current fiscal year.

A number of research analysts have recently issued reports on OPK shares. Zacks Investment Research lowered Opko Health from a “hold” rating to a “sell” rating in a report on Friday, March 8th. ValuEngine lowered Opko Health from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Barrington Research reaffirmed a “buy” rating and set a $5.00 price objective on shares of Opko Health in a report on Thursday, February 28th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Opko Health presently has a consensus rating of “Buy” and a consensus price target of $9.25.

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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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