Karyopharm Therapeutics Inc. (NASDAQ:KPTI – Get Free Report) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 1,060,000 shares, a decrease of 23.7% from the February 13th total of 1,390,000 shares. Approximately 13.5% of the shares of the company are sold short. Based on an average trading volume of 92,200 shares, the short-interest ratio is presently 11.5 days.
Karyopharm Therapeutics Price Performance
Shares of NASDAQ:KPTI traded down $0.42 during trading on Monday, hitting $6.33. The company’s stock had a trading volume of 37,339 shares, compared to its average volume of 89,717. The company has a 50-day moving average of $9.17 and a 200-day moving average of $10.87. Karyopharm Therapeutics has a 12 month low of $5.90 and a 12 month high of $24.75. The firm has a market cap of $53.26 million, a price-to-earnings ratio of -6.18 and a beta of 0.11.
Karyopharm Therapeutics (NASDAQ:KPTI – Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($3.60) earnings per share for the quarter, topping the consensus estimate of ($3.90) by $0.30. The business had revenue of $30.54 million during the quarter, compared to the consensus estimate of $30.29 million. As a group, research analysts anticipate that Karyopharm Therapeutics will post -0.71 earnings per share for the current year.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on KPTI
Institutional Investors Weigh In On Karyopharm Therapeutics
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Karyopharm Therapeutics by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,392,314 shares of the company’s stock worth $942,000 after acquiring an additional 36,922 shares in the last quarter. Silverarc Capital Management LLC grew its holdings in Karyopharm Therapeutics by 6.7% during the 4th quarter. Silverarc Capital Management LLC now owns 595,990 shares of the company’s stock valued at $403,000 after buying an additional 37,524 shares in the last quarter. Velan Capital Investment Management LP purchased a new stake in Karyopharm Therapeutics during the 4th quarter valued at approximately $27,000. Two Sigma Advisers LP grew its holdings in Karyopharm Therapeutics by 145.5% during the 4th quarter. Two Sigma Advisers LP now owns 76,600 shares of the company’s stock valued at $52,000 after buying an additional 45,400 shares in the last quarter. Finally, Focus Partners Wealth purchased a new stake in Karyopharm Therapeutics during the 4th quarter valued at approximately $31,000. 66.44% of the stock is owned by hedge funds and other institutional investors.
About Karyopharm Therapeutics
Karyopharm Therapeutics Inc, a commercial-stage pharmaceutical company, discovers, develops, and commercializes drugs directed against nuclear export for the treatment of cancer and other diseases in the United States. The company discovers, develops, and commercializes novel and small molecule Selective Inhibitor of Nuclear Export (SINE) compounds that inhibit the nuclear export protein exportin 1 (XPO1).
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