Evotec AG (NASDAQ:EVO – Get Free Report) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 91,437 shares, a growth of 80.2% from the August 15th total of 50,740 shares. Based on an average daily volume of 36,520 shares, the short-interest ratio is presently 2.5 days. Currently, 0.0% of the company’s stock are short sold.
Evotec Stock Performance
NASDAQ EVO remained flat at $1.63 on Wednesday. 24,906 shares of the company’s stock traded hands, compared to its average volume of 91,663. The company has a current ratio of 2.33, a quick ratio of 2.21 and a debt-to-equity ratio of 0.62. The business has a 50 day simple moving average of $1.99 and a two-hundred day simple moving average of $2.53. Evotec has a 1 year low of $1.60 and a 1 year high of $4.27.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on EVO. Berenberg Bank downgraded shares of Evotec from a “buy” rating to a “hold” rating in a research report on Thursday, July 16th. HC Wainwright reduced their price objective on shares of Evotec from $7.00 to $4.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. TD Cowen downgraded Evotec from a “buy” rating to a “hold” rating and set a $2.00 target price on the stock. in a research report on Wednesday, July 15th. Finally, Weiss Ratings lowered Evotec from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, August 25th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $3.00.
Institutional Investors Weigh In On Evotec
Several hedge funds have recently bought and sold shares of EVO. WCM Investment Management LLC raised its stake in Evotec by 12.1% in the first quarter. WCM Investment Management LLC now owns 627,260 shares of the company’s stock valued at $1,480,000 after buying an additional 67,917 shares during the period. Optiver Holding B.V. increased its holdings in shares of Evotec by 598.4% during the 1st quarter. Optiver Holding B.V. now owns 283,576 shares of the company’s stock worth $709,000 after acquiring an additional 242,973 shares during the last quarter. Fore Capital LLC acquired a new position in shares of Evotec during the 4th quarter worth approximately $97,000. SmartHarvest Portfolios LLC bought a new stake in Evotec in the 1st quarter valued at $44,000. Finally, Apollon Wealth Management LLC acquired a new stake in Evotec during the 1st quarter valued at $28,000. 5.81% of the stock is currently owned by institutional investors and hedge funds.
About Evotec
Evotec SE is a Germany-based biotechnology company that provides drug discovery and development services to pharmaceutical, biotechnology and academic organizations. The company works across the research process, from early-stage target identification and assay development through hit identification, lead optimization, preclinical research and translational development.
Evotec uses technology platforms and scientific expertise in areas including small-molecule drug discovery, biologics, protein degradation, cell and gene therapy, and precision medicine.
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