Sanofi (OTCMKTS:SNYNF) Short Interest Up 27.5% in April

Sanofi (OTCMKTS:SNYNFGet Rating) saw a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 1,567,400 shares, a growth of 27.5% from the March 31st total of 1,229,500 shares. Based on an average daily volume of 2,500 shares, the days-to-cover ratio is currently 627.0 days.

SNYNF opened at $105.25 on Monday. The stock’s 50-day moving average price is $105.14 and its 200 day moving average price is $102.46. Sanofi has a 12-month low of $92.01 and a 12-month high of $115.37.

Separately, Stifel Nicolaus assumed coverage on shares of Sanofi in a research note on Monday, February 28th. They set a “buy” rating and a $120.00 target price for the company.

Sanofi Company Profile (Get Rating)

Sanofi, together with its subsidiaries, engages in the research, development, manufacture, and marketing of therapeutic solutions in the United States, Europe, and internationally. It operates through three segments: Pharmaceuticals, Vaccines, and Consumer Healthcare. The company provides specialty care products, including human monoclonal antibodies; products for multiple sclerosis, neurology, other inflammatory diseases, immunology, rare diseases, oncology, and rare blood disorders; medicines for diabetes; and cardiovascular and established prescription products.

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