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

Danimer Scientific, Inc. (NYSE:DNMR) was the recipient of a significant drop in short interest in 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 trading volume, of 907,100 shares, the short-interest ratio is currently 20.4 days.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DNMR. TD Cowen cut 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 report on Tuesday, August 13th. Jefferies Financial Group downgraded Danimer Scientific from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1.30 to $0.80 in a research note on Wednesday, May 22nd.

Danimer Scientific Trading Up 1.3 %

NYSE DNMR traded up $0.01 on Monday, reaching $0.41. The company had a trading volume of 429,773 shares, compared to its average volume of 949,652. The firm has a market cap of $47.74 million, a price-to-earnings ratio of -0.28 and a beta of 1.58. Danimer Scientific has a fifty-two week low of $0.32 and a fifty-two week high of $2.20. The business has a 50 day moving average of $0.54 and a two-hundred day moving average of $0.69. The company has a debt-to-equity ratio of 1.50, a current ratio of 6.54 and a quick ratio of 4.91.

Hedge Funds Weigh In On Danimer Scientific

A number of hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Danimer Scientific during the fourth quarter worth $41,000. Privium Fund Management B.V. grew its holdings in Danimer Scientific by 67.6% during the 2nd quarter. Privium Fund Management B.V. now owns 75,398 shares of the company’s stock worth $42,000 after acquiring an additional 30,398 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Danimer Scientific in the 2nd quarter worth about $62,000. Levin Capital Strategies L.P. lifted its stake in shares of Danimer Scientific by 423.3% in the 4th quarter. Levin Capital Strategies L.P. now owns 78,500 shares of the company’s stock valued at $80,000 after purchasing an additional 63,500 shares during the period. Finally, Diversified Trust Co lifted its stake in shares of Danimer Scientific by 35.7% in the 2nd 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 during the period. 33.84% of the stock is currently owned by institutional investors.

Danimer Scientific Company Profile

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.