Evogene Ltd. (NASDAQ:EVGN) Short Interest Update

Evogene Ltd. (NASDAQ:EVGN) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 135,100 shares, an increase of 503.1% from the October 31st total of 22,400 shares. Based on an average daily volume of 272,900 shares, the short-interest ratio is currently 0.5 days. Currently, 2.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Evogene

An institutional investor recently bought a new position in Evogene stock. Renaissance Investment Group LLC acquired a new stake in Evogene Ltd. (NASDAQ:EVGN) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 10,000 shares of the biotechnology company’s stock, valued at approximately $31,000. 10.40% of the stock is currently owned by institutional investors and hedge funds.

Evogene Stock Down 4.6 %

Shares of EVGN stock traded down $0.08 during trading hours on Friday, reaching $1.61. 40,963 shares of the stock traded hands, compared to its average volume of 89,044. Evogene has a 1-year low of $1.44 and a 1-year high of $10.40. The business has a fifty day moving average price of $2.27 and a 200 day moving average price of $4.29.

Analyst Ratings Changes

Several research firms recently commented on EVGN. Lake Street Capital cut their target price on shares of Evogene from $30.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, August 23rd. StockNews.com began coverage on shares of Evogene in a research note on Tuesday. They set a “sell” rating for the company.

Evogene Company Profile

Evogene Ltd., together with its subsidiaries, operates as a computational biology company. It focuses on product discovery and development in life-science based industries, including human health and agriculture, through the use of its Computational Predictive Biology (CPB) platform. The company operates through three segments: Agriculture, Human Health, and Industrial Applications.