Genmab A/S (NASDAQ:GMAB – Get Free Report) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,310,000 shares, a growth of 40.0% from the February 13th total of 1,650,000 shares. Based on an average trading volume of 1,370,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% of the shares of the company are short sold.
Genmab A/S Price Performance
NASDAQ:GMAB traded up $0.29 on Monday, reaching $20.80. The stock had a trading volume of 1,008,499 shares, compared to its average volume of 905,576. Genmab A/S has a 12-month low of $18.64 and a 12-month high of $31.02. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 2.65 and a beta of 0.98. The firm’s fifty day moving average is $21.24 and its two-hundred day moving average is $22.38.
Genmab A/S (NASDAQ:GMAB – Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.29. Genmab A/S had a net margin of 36.30% and a return on equity of 16.78%. As a group, research analysts forecast that Genmab A/S will post 1.45 earnings per share for the current fiscal year.
Analyst Ratings Changes
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Institutional Investors Weigh In On Genmab A/S
Several hedge funds have recently modified their holdings of GMAB. EverSource Wealth Advisors LLC boosted its stake in shares of Genmab A/S by 295.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,257 shares of the company’s stock worth $26,000 after purchasing an additional 939 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Genmab A/S by 105.4% in the fourth quarter. Lindbrook Capital LLC now owns 1,851 shares of the company’s stock worth $39,000 after acquiring an additional 950 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Genmab A/S by 96.6% in the fourth quarter. GAMMA Investing LLC now owns 2,139 shares of the company’s stock worth $45,000 after acquiring an additional 1,051 shares during the last quarter. Barclays PLC boosted its position in shares of Genmab A/S by 1,072.8% in the fourth quarter. Barclays PLC now owns 2,498 shares of the company’s stock worth $52,000 after acquiring an additional 2,285 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its position in shares of Genmab A/S by 656.8% in the fourth quarter. Cromwell Holdings LLC now owns 2,876 shares of the company’s stock worth $60,000 after acquiring an additional 2,496 shares during the last quarter. 7.07% of the stock is owned by institutional investors and hedge funds.
Genmab A/S Company Profile
Genmab A/S develops antibody therapeutics for the treatment of cancer and other diseases primarily in Denmark. The company markets DARZALEX, a human monoclonal antibody for the treatment of patients with multiple myeloma (MM); teprotumumab for the treatment of thyroid eye disease; and Amivantamab for advanced or metastatic gastric or esophageal cancer and NSCLC.
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