Bausch + Lomb Co. (NYSE:BLCO – Get Rating) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 7,430,000 shares, an increase of 15.9% from the February 13th total of 6,410,000 shares. Based on an average trading volume of 429,000 shares, the days-to-cover ratio is presently 17.3 days. Currently, 19.3% of the company’s stock are short sold.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of BLCO. Quinn Opportunity Partners LLC acquired a new stake in Bausch + Lomb during the 3rd quarter valued at $407,000. Mangrove Partners acquired a new stake in shares of Bausch + Lomb in the 3rd quarter valued at about $12,008,000. Penn Capital Management Company LLC acquired a new stake in shares of Bausch + Lomb in the second quarter valued at about $1,846,000. AlphaCentric Advisors LLC acquired a new stake in shares of Bausch + Lomb in the third quarter valued at about $192,000. Finally, Gabelli Funds LLC increased its position in shares of Bausch + Lomb by 86.3% in the third quarter. Gabelli Funds LLC now owns 150,000 shares of the company’s stock valued at $3,191,000 after acquiring an additional 69,500 shares during the last quarter. 12.44% of the stock is owned by institutional investors and hedge funds.
Bausch + Lomb Price Performance
Shares of NYSE BLCO opened at $15.67 on Tuesday. The company has a market capitalization of $5.48 billion and a price-to-earnings ratio of 783.89. The business has a 50 day simple moving average of $17.14 and a 200-day simple moving average of $15.96. The company has a current ratio of 1.65, a quick ratio of 1.16 and a debt-to-equity ratio of 0.34. Bausch + Lomb has a twelve month low of $12.20 and a twelve month high of $20.20.
Analysts Set New Price Targets
Bausch + Lomb Company Profile
Bausch + Lomb Corporation operates as an eye health company worldwide. It operates through three segments: Vision Care/Consumer Health Care, Ophthalmic Pharmaceuticals, and Surgical. The Vision Care/Consumer Health Care segment provides contact lens that covers the spectrum of wearing modalities, including daily disposable and frequently replaced contact lenses; and contact lens care products, over-the-counter eye drops, eye vitamins, and mineral supplements that address various conditions comprising eye allergies, conjunctivitis, and dry eye.
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