Senomyx, Inc. (NASDAQ:SNMX) Stock Traded Much Higher Than Its 50 Day Moving Average


It is currently trading at $0.92 which is quite a bit above the 50 day moving average which is $0.72 and quite a bit above the 200 day moving average of $0.79. The 50 day moving average was up by +28.29% and the 200 day average was up $0.13. Trading volume for Senomyx, Inc. was 627 on Tuesday. Shares saw a steep decrease in trading volume of 99.58% under the normal average daily volume.

Investors are a little more bullish on shares of Senomyx, Inc. if you take note of the fall in short interest. The stock realized a fall in short interest from September 15, 2017 to September 29, 2017 of -5.70%. Short shares fell from 1,089,217 to 1,027,110 over that timeframe. With short interest at 1,027,110 and short average daily volume at 85,276, days to cover is 12.0 and the percentage of shorted shares was 0.02% on September 29.

Additionally, here are a few investment firms who have increased or decreased their stake in (SNMX). As of quarter end Ingalls & Snyder LLC had sold 66,300 shares trimming its holdings by 85.8%. The value of the total investment in Senomyx, Inc. decreased from $64,000 to $7,000 a change of 89.1% since the last quarter. Cutler Group LP trimmed its stake by selling 1,225 shares a decrease of 92.5%. Cutler Group LP owns 100 shares valued at $0. The value of the position overall is down by 100.0%.

As of the end of the quarter Davenport & Co LLC had disposed of a total of 4,000 shares trimming its position 4.3%. The value in dollars went from $77,273,000 to $53,995,000 decreasing 30.1% for the reporting period. Lagoda Investment Management, L.p. downsized its position by shedding 337,916 shares a decrease of 14.1% as of 06/30/2017. Lagoda Investment Management, L.p. now controls 2,053,392 shares with a value of $1,704,000. The total value of its holdings decreased 28.1%.

In the last earnings report the EPS was $-0.27 and is projected to be $-0.27 for the current year with 47,514,000 shares now outstanding. Analysts expect next quarter’s EPS will be $-0.06 and the next full year EPS is projected to be $-0.18.

Senomyx, Inc., launched on September 16, 1998, is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries. The Company operates through development and commercialization of flavor ingredients segment. The Company is involved in the discovery, development and/or commercialization of flavor ingredients through its approximately five programs focused on sweet, savory, bitter, cooling and salt taste areas. The Business’s taste receptor-based assays are used in its screening systems and for screening its compound libraries and identifying flavor ingredients..