Prenetics Global Limited (NASDAQ:PRE) Short Interest Up 22.1% in February

Prenetics Global Limited (NASDAQ:PRE) was the target of a significant increase in short interest in February. As of February 15th, there was short interest totalling 39,800 shares, an increase of 22.1% from the January 31st total of 32,600 shares. Based on an average daily volume of 14,100 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.5% of the company’s stock are short sold.

Prenetics Global Stock Performance

NASDAQ PRE opened at $4.86 on Friday. The stock has a 50-day moving average of $5.47 and a 200 day moving average of $5.01. Prenetics Global has a one year low of $2.85 and a one year high of $7.84. The company has a market capitalization of $59.32 million, a price-to-earnings ratio of -1.22 and a beta of -0.31.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Prenetics Global stock. Quinn Opportunity Partners LLC acquired a new position in Prenetics Global Limited (NASDAQ:PRE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,339 shares of the company’s stock, valued at approximately $72,000. Quinn Opportunity Partners LLC owned approximately 0.10% of Prenetics Global at the end of the most recent reporting period. Institutional investors and hedge funds own 25.01% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $9.00 target price on shares of Prenetics Global in a research note on Thursday, January 16th.

About Prenetics Global

Prenetics Global Limited, a genomics-driven health sciences company, engages in revolutionizing prevention, early detection, and treatment. It offers CircleDNA, a prevention arm that uses whole exome sequencing to offer comprehensive consumer DNA test. The company also, through its joint venture, Insighta, engages in pioneering multi-cancer early detection technologies.