Yield10 Bioscience, Inc. (NASDAQ:YTEN – Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 346,600 shares, a growth of 590.4% from the January 31st total of 50,200 shares. Based on an average daily trading volume, of 2,580,000 shares, the short-interest ratio is currently 0.1 days.
Institutional Investors Weigh In On Yield10 Bioscience
A hedge fund recently bought a new stake in Yield10 Bioscience stock. Millennium Management LLC purchased a new stake in Yield10 Bioscience, Inc. (NASDAQ:YTEN – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 58,768 shares of the specialty chemicals company’s stock, valued at approximately $132,000. Millennium Management LLC owned approximately 1.20% of Yield10 Bioscience at the end of the most recent quarter. Hedge funds and other institutional investors own 10.83% of the company’s stock.
Analyst Ratings Changes
YTEN has been the topic of several analyst reports. Maxim Group reissued a “hold” rating on shares of Yield10 Bioscience in a research note on Thursday, November 16th. Lake Street Capital lowered Yield10 Bioscience from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Finally, HC Wainwright reissued a “buy” rating and issued a $4.00 target price on shares of Yield10 Bioscience in a research report on Thursday, November 16th.
Yield10 Bioscience Stock Performance
Shares of YTEN opened at $0.26 on Thursday. The business’s 50-day moving average is $0.25 and its two-hundred day moving average is $0.29. The company has a market capitalization of $3.05 million, a P/E ratio of -0.10 and a beta of 1.55. Yield10 Bioscience has a fifty-two week low of $0.18 and a fifty-two week high of $3.29.
About Yield10 Bioscience
Yield10 Bioscience, Inc operates as agricultural bioscience company in the United States. The company primarily focus on production of low carbon products through processing Camelina seeds. Its products include Camelina oil for low carbon biofuel feedstock; Omega-3 oils for nutrition; and PHA bioplastics for biodegradable zero waste packaging solutions.
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