Danimer Scientific, Inc. (NYSE:DNMR) Sees Large Growth in Short Interest

Danimer Scientific, Inc. (NYSE:DNMR – Get Rating) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 16,290,000 shares, a growth of 9.7% from the February 13th total of 14,850,000 shares. Based on an average daily trading volume, of 1,400,000 shares, the days-to-cover ratio is currently 11.6 days.

Wall Street Analysts Forecast Growth

Separately, Cowen cut their target price on Danimer Scientific to $4.00 in a research report on Tuesday, November 15th.

Institutional Investors Weigh In On Danimer Scientific

A number of hedge funds and other institutional investors have recently bought and sold shares of DNMR. Advisor Group Holdings Inc. increased its holdings in Danimer Scientific by 69.6% during the 1st quarter. Advisor Group Holdings Inc. now owns 39,566 shares of the company’s stock valued at $232,000 after purchasing an additional 16,236 shares in the last quarter. Swiss National Bank increased its holdings in Danimer Scientific by 10.3% during the 1st quarter. Swiss National Bank now owns 189,800 shares of the company’s stock valued at $1,112,000 after purchasing an additional 17,800 shares in the last quarter. Raymond James & Associates increased its holdings in Danimer Scientific by 34.0% during the 1st quarter. Raymond James & Associates now owns 74,976 shares of the company’s stock valued at $439,000 after purchasing an additional 19,018 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Danimer Scientific by 151.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 263,931 shares of the company’s stock valued at $1,547,000 after purchasing an additional 158,977 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Danimer Scientific by 5.2% during the 1st quarter. Bank of New York Mellon Corp now owns 275,166 shares of the company’s stock valued at $1,612,000 after purchasing an additional 13,517 shares in the last quarter. 43.98% of the stock is owned by institutional investors and hedge funds.

Danimer Scientific Price Performance

Danimer Scientific stock opened at $2.19 on Wednesday. The company has a debt-to-equity ratio of 0.73, a current ratio of 5.15 and a quick ratio of 4.04. The company has a market capitalization of $222.04 million, a PE ratio of -1.35 and a beta of 1.42. Danimer Scientific has a one year low of $1.57 and a one year high of $6.78. The business has a 50 day simple moving average of $2.24 and a 200 day simple moving average of $2.58.

Danimer Scientific Company Profile

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Danimer Scientific, Inc, a performance polymer company, develops, produces, and provides bioplastic replacements for traditional petroleum-based plastics. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative used in a range of plastic applications, including films, straws, food containers, and other things under the Nodax brand name; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.