PharmAthene, Inc. (NYSE:PIP) was the target of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 1,680,280 shares, a decrease of 3.8% from the October 31st total of 1,745,836 shares. Based on an average daily volume of 203,554 shares, the days-to-cover ratio is presently 8.3 days. Currently, 2.9% of the company’s stock are short sold.
Shares of PharmAthene (NYSE:PIP) opened at 3.10 on Friday. The stock has a 50 day moving average price of $2.86 and a 200-day moving average price of $2.59. The stock has a market capitalization of $206.86 million and a PE ratio of 1.75. PharmAthene has a 1-year low of $1.38 and a 1-year high of $3.13.
The business also recently announced a special dividend, which will be paid on Friday, February 3rd. Stockholders of record on Sunday, January 24th will be issued a $2.91 dividend. The ex-dividend date of this dividend is Monday, February 6th.
Separately, TheStreet raised PharmAthene from a “sell” rating to a “hold” rating in a research note on Wednesday, August 10th.
PharmAthene Company Profile