Zogenix (ZGNX)

[TRUISM]

Short Interest in Zogenix Increases By 6.1% (ZGNX)
Posted on March 30, 2015 by John Miller in Investing, Options Articles
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Shares of Zogenix (NASDAQ:ZGNX) were the recipient of a significant growth in short interest during the month of March. As of March 13th, there was short interest totalling 28,195,078 shares, a growth of 6.1% from the February 27th total of 26,561,690 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 8,079,082 shares, the days-to-cover ratio is presently 3.5 days. Approximately 21.1% of the shares of the company are short sold.

A number of research firms have recently commented on ZGNX. Analysts at William Blair downgraded shares of Zogenix from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 11th. Separately, analysts at Brean Capital reiterated a “buy” rating on shares of Zogenix in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $3.00.

Zogenix (NASDAQ:ZGNX) opened at 1.34 on Monday. Zogenix has a one year low of $1.07 and a one year high of $3.10. The stock’s 50-day moving average is $1. and its 200-day moving average is $1.. The company has a market cap of $205.51 million and a price-to-earnings ratio of 22.33.

Zogenix (NASDAQ:ZGNX) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.13) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.11) by $0.02. The company had revenue of $14.90 million for the quarter. During the same quarter last year, the company posted ($0.13) earnings per share. Zogenix’s revenue was up 50.5% compared to the same quarter last year. Analysts expect that Zogenix will post $-0.37 EPS for the current fiscal year.






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