By and large,
short interest among the leading biotechs and emerging pharmaceuticals reversed course and rose again between the January 30 and February 13 settlement dates. Leading that trend were
Amgen, Inc. (NASDAQ:
AMGN),
Juno Therapeutics Inc (NASDAQ:
JUNO) and
Vertex Pharmaceuticals Incorporated (NASDAQ:
VRTX).
Below we take a quick look at how these three stocks have fared recently and what analysts expect from them. That is followed by a glance at short interest in other leading biotech stocks.
Amgen
This California-based biotechnology medicines company saw short interest surge about 39 percent to almost 9.80 million shares, the greatest number of shares short since last October and more than 1 percent of the float. At the current daily volume, it would take more than two days to cover all short positions.
The company develops and markets human therapeutics based on advances in cellular and molecular biology for grievous illnesses. Credit Suisse
offered a vote of confidenceSee also:Mike Khouw's Celgene TradeJuno Therapeutics
Vertex Pharmaceuticals
See also:Gilead Reports Preclinical DataAnd Others
The number of shares short in Alexion Pharmaceuticals, Biogen Idec, BioMarin Pharmaceutical, Celgene, Gilead Sciences, Ilumina, Mannkind and Medivation grew in early February. However, short sellers appeared to lose interest in Incyte and Seattle Genetics.
At the time of this writing, the author had no position in the mentioned equities.
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