Institutional Ownership
An observation while we are waiting on the FDA to get in their car and inspect the plant.
Most interesting. As an example Apple has 62% institutional ownership. MNTA is at 93.36% institutional ownership with only 15 days left, after today, before the institutional figures for 9 months are started to be reported.
I am guessing that number is likely to go up based of what appears to be a declining volume of shares being traded recently. If the number of institutional shares owned at the end of 9 months is 79M or higher, which I think is very possible, it is likely to get interesting fast.
There are 82.6M diluted shares outstanding per Dew.
In my opinion this stock has the potential to be explosive when the small investors wake up and decide to buy shares. That well could be with a 40mg Glatopa approval. At the rate the institutions are buying shares there are not going to be many shares left to buy if the institutional owners are not willing to sell their shares.
One also has to add the total shares owned by management and individual investors. I don’t have a handle on the total number of individual investors. I would suggest that individuals and management numbers alone might make up the 79M number not including any last three months institutional buys. Management has around 1,500,000 shares alone.
When added to the 76M it would give 77.5M without the individual investor number.
We still have 4.9M shares short sitting out there, as of 8/31 that will likely have to be covered at some point. We will know the 9/15 short position on 9/26 close. Something is likely going to have to give before much longer.
Here is the final volume today. Someone covering? I had this written way before the close and was waiting for the close. Of note there are only 115 or so companies with higher than 93% institutional ownership on a scan I just did. That scan didn’t even name MNTA so I added them in the 115.
Volume 2,259,092
Avg. Volume 564,004
Just my opinion,
Boing X 2
As of 6/30
Institutional Ownership 93.36%
Total Shares Outstanding (millions) 76
Total Value of Holdings (millions) $1,235
