Danimer Scientific, Inc. (NYSE:DNMR) Short Interest Update

Danimer Scientific, Inc. (NYSE:DNMR) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totalling 18,800,000 shares, a drop of 5.1% from the August 15th total of 19,820,000 shares. Based on an average daily volume of 847,300 shares, the days-to-cover ratio is presently 22.2 days.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Privium Fund Management B.V. lifted its holdings in shares of Danimer Scientific by 67.6% in the second quarter. Privium Fund Management B.V. now owns 75,398 shares of the company’s stock worth $42,000 after buying an additional 30,398 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Danimer Scientific during the 2nd quarter worth approximately $62,000. Thomasville National Bank lifted its stake in Danimer Scientific by 125.8% in the 1st quarter. Thomasville National Bank now owns 177,845 shares of the company’s stock worth $194,000 after purchasing an additional 99,078 shares in the last quarter. Virtu Financial LLC boosted its holdings in Danimer Scientific by 628.5% in the 4th quarter. Virtu Financial LLC now owns 182,078 shares of the company’s stock valued at $186,000 after purchasing an additional 157,085 shares during the period. Finally, Diversified Trust Co grew its position in shares of Danimer Scientific by 35.7% during the 2nd quarter. Diversified Trust Co now owns 285,000 shares of the company’s stock valued at $172,000 after purchasing an additional 75,000 shares in the last quarter. 33.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DNMR. Piper Sandler cut their price target on shares of Danimer Scientific from $1.25 to $1.00 and set a “neutral” rating on the stock in a report on Wednesday, August 21st. TD Cowen cut shares of Danimer Scientific from a “buy” rating to a “hold” rating and dropped their target price for the company from $2.00 to $1.00 in a research note on Tuesday, August 13th.

Danimer Scientific Stock Up 13.6 %

Shares of NYSE DNMR opened at $0.39 on Friday. The business’s fifty day moving average price is $0.43 and its 200-day moving average price is $0.63. Danimer Scientific has a one year low of $0.29 and a one year high of $2.09. The stock has a market capitalization of $45.40 million, a PE ratio of -0.27 and a beta of 1.57. The company has a debt-to-equity ratio of 1.65, a current ratio of 4.52 and a quick ratio of 3.15.

Danimer Scientific (NYSE:DNMR) last issued its earnings results on Thursday, August 8th. The company reported ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.06. Danimer Scientific had a negative net margin of 325.87% and a negative return on equity of 48.01%. The firm had revenue of $7.63 million during the quarter, compared to analyst estimates of $8.40 million. On average, equities research analysts anticipate that Danimer Scientific will post -0.81 EPS for the current year.

Danimer Scientific Company Profile

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.