( ) saw a significant drop in short interest during the month of march. On March 31, there were 388,400 short shares, which is a 10.1% decrease from the total of 432,000 on March 15. The days-to-cover is currently 0.2 days based on an average trading volume 1,850,000 shares. Around 1.7% of the stock is sold short.
Hedge Funds weigh in on Calyxt
A recent increase in the Calyxt share price was made by an institutional investor. The company's most recent 13F filing to the Securities and Exchange Commission shows that the fund increased its stock holdings by 120.8% during the second quarter. The fund now owns 651,258 of the stock of the company after purchasing an additional 356,298 during the quarter. Millennium Management LLC held 1.52% of Calyxt, worth $157,000 at the time of its latest SEC filing. The price stayed flat at $0.32 last Friday. Stock of the company traded 117,483 compared to 1,621,630 shares on average. The company has a $15.80 market capitalization, a P/E ratio of -0.86 as well as a beta value of 2.03. Calyxt's 52-week low is $0.13, and its 52-week highest is $0.53. The 50-day average moving price of the firm is $0.35, and its 200 day average moving price is $0.25.
The reverse split of Calyxt shares is scheduled for Tuesday, April 25, before the opening of the market. The reverse split of 1-10 was announced on April 25, 2019. After the close of Tuesday's market, the number of shares held by shareholders will be adjusted.
The company released its last earnings report on Thursday, 2nd March. The company reported ($0.06) earnings per share for the quarter. Revenue for the quarter was $0.04 million. Calyxt's negative net margin was 10,758.60%, and its negative return on equity was 194.36%. Analysts predict that Calyxt's current fiscal year will see -0.25 per share.
Calyxt Company profile
Calyxt, Inc. is a technology company. Calyxt, Inc. is a technology company that delivers plant-based solutions. The company's products include high-oleic soy oil, high-fiber wheat, high-oleic soy meal, and low-lignin alfalfa. Daniel F. Voytas founded the company on January 8, 2010. Its headquarters is in Roseville, MN.
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