Danimer Scientific, Inc. (NYSE:DNMR) Short Interest Update

Danimer Scientific, Inc. (NYSE:DNMR) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totalling 18,470,000 shares, a drop of 10.0% from the July 15th total of 20,520,000 shares. Based on an average daily volume of 907,100 shares, the short-interest ratio is currently 20.4 days.

Wall Street Analysts Forecast Growth

DNMR has been the subject of a number of analyst reports. Jefferies Financial Group downgraded shares of Danimer Scientific from a “buy” rating to a “hold” rating and dropped their price target for the company from $1.30 to $0.80 in a research report on Wednesday, May 22nd. TD Cowen lowered Danimer Scientific from a “buy” rating to a “hold” rating and lowered their target price for the stock from $2.00 to $1.00 in a research report on Tuesday, August 13th.

Hedge Funds Weigh In On Danimer Scientific

Institutional investors have recently bought and sold shares of the company. Armistice Capital LLC grew its position in Danimer Scientific by 10.8% in the second quarter. Armistice Capital LLC now owns 10,424,000 shares of the company’s stock worth $6,288,000 after acquiring an additional 1,014,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Danimer Scientific during the second quarter valued at approximately $62,000. Privium Fund Management B.V. increased its stake in shares of Danimer Scientific by 67.6% during the second quarter. Privium Fund Management B.V. now owns 75,398 shares of the company’s stock valued at $42,000 after purchasing an additional 30,398 shares in the last quarter. Diversified Trust Co increased its stake in shares of Danimer Scientific by 35.7% during the second quarter. Diversified Trust Co now owns 285,000 shares of the company’s stock valued at $172,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Danimer Scientific by 1.0% during the first quarter. Vanguard Group Inc. now owns 5,070,069 shares of the company’s stock valued at $5,526,000 after purchasing an additional 49,913 shares in the last quarter. Hedge funds and other institutional investors own 33.84% of the company’s stock.

Danimer Scientific Stock Up 9.4 %

Danimer Scientific stock traded up $0.03 during midday trading on Friday, reaching $0.40. The stock had a trading volume of 558,102 shares, compared to its average volume of 952,927. Danimer Scientific has a 12 month low of $0.32 and a 12 month high of $2.20. The company has a market capitalization of $47.14 million, a P/E ratio of -0.29 and a beta of 1.58. The company has a fifty day moving average price of $0.54 and a two-hundred day moving average price of $0.69. The company has a current ratio of 6.54, a quick ratio of 4.91 and a debt-to-equity ratio of 1.50.

About Danimer Scientific

Danimer Scientific, Inc, a performance polymer company, provides bioplastic replacements for traditional petroleum-based plastics in the United States, Germany, Poland, Belgium, Austria, and internationally. It produces polyhydroxyalkanoate, a biodegradable plastic feedstock alternative under the Nodax brand name for applications in films, straws, cutlery, food containers, and others; polylactic acid-based resins for coating disposable paper cups; and other biopolymers.