Minerva Neurosciences, Inc. (NASDAQ:NERV – Get Free Report) was the target of a large growth in short interest in February. As of February 28th, there was short interest totalling 56,900 shares, a growth of 35.5% from the February 13th total of 42,000 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily volume of 43,600 shares, the short-interest ratio is currently 1.3 days.
Minerva Neurosciences Trading Up 1.3 %
Shares of Minerva Neurosciences stock traded up $0.02 on Monday, reaching $1.56. 24,600 shares of the company were exchanged, compared to its average volume of 29,134. Minerva Neurosciences has a one year low of $1.42 and a one year high of $3.69. The company has a market capitalization of $10.91 million, a price-to-earnings ratio of -3.55 and a beta of 0.10. The company has a 50-day moving average of $2.01 and a 200 day moving average of $2.30.
Minerva Neurosciences (NASDAQ:NERV – Get Free Report) last posted its earnings results on Thursday, February 27th. The biopharmaceutical company reported ($0.56) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.05) by $0.49. Analysts predict that Minerva Neurosciences will post -0.3 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Report on NERV
Institutional Inflows and Outflows
An institutional investor recently raised its position in Minerva Neurosciences stock. Citadel Advisors LLC raised its position in Minerva Neurosciences, Inc. (NASDAQ:NERV – Free Report) by 49.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,764 shares of the biopharmaceutical company’s stock after buying an additional 8,525 shares during the quarter. Citadel Advisors LLC owned 0.37% of Minerva Neurosciences worth $57,000 at the end of the most recent reporting period. 34.56% of the stock is currently owned by institutional investors and hedge funds.
Minerva Neurosciences Company Profile
Minerva Neurosciences, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of product candidates for the treatment of central nervous system diseases. Its lead product candidate is roluperidone (MIN-101) for the treatment of negative symptoms in patients with schizophrenia, currently submitted an New Drug Application (NDA); and MIN-301, a soluble recombinant form of the neuregulin-1b1 protein for the treatment of Parkinson's disease and other neurodegenerative disorders.
Further Reading
- Five stocks we like better than Minerva Neurosciences
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Can TikTok Stock Picks Really Make You Rich?
- What Are the FAANG Stocks and Are They Good Investments?
- The “Quality” Rotation: Back to Basics Investing
- Top Biotech Stocks: Exploring Innovation Opportunities
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for Minerva Neurosciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minerva Neurosciences and related companies with MarketBeat.com's FREE daily email newsletter.