Short Interest in Pharma Mar (OTCMKTS:PHMMF) Declines By 52.8%

Pharma Mar (OTCMKTS:PHMMFGet Free Report) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 94 shares, a drop of 52.8% from the July 30th total of 199 shares. Based on an average daily volume of 27 shares, the days-to-cover ratio is currently 3.5 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on PHMMF shares. Zacks Research raised Pharma Mar to a “hold” rating in a research report on Monday, June 15th. Chardan Capital raised shares of Pharma Mar to a “strong-buy” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Pharma Mar has a consensus rating of “Buy”.

Check Out Our Latest Stock Analysis on PHMMF

Pharma Mar Stock Performance

Pharma Mar stock opened at $97.36 on Friday. Pharma Mar has a 52 week low of $77.41 and a 52 week high of $110.40. The company’s 50 day moving average price is $85.95 and its two-hundred day moving average price is $93.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.02 and a quick ratio of 2.44.

About Pharma Mar

(Get Free Report)

PharmaMar is a Spain-based biopharmaceutical company that specializes in the discovery and development of novel oncology therapies derived from marine organisms. Founded in 1986 as part of Grupo Zeltia, the company has pioneered the use of compounds extracted from deep-sea organisms to create synthetic analogs aimed at treating various forms of cancer. Its core expertise lies in marine biotechnology, medicinal chemistry and oncology-focused clinical development.

The company’s flagship product is Yondelis (trabectedin), an antitumor agent approved in the European Union for the treatment of soft tissue sarcoma and relapsed platinum-sensitive ovarian cancer.

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