The short interest data are out for the August 14 settlement date. Biotech companies are considered a riskier group of stocks, with big upside and big downside. FDA rulings can make or break them. A single failed clinical trial can mean disaster for a stock. 24/7 Wall St. has reviewed the top biotech companies, without focusing on speculative companies.
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The August 14 short interest data have been compared with the previous figures, and short interest in the selected stocks was mixed for this settlement date.
Amgen Inc. (NASDAQ: AMGN) saw its short interest continue to back off to 7.53 million shares from the previous level of 8.58 million. Shares closed Tuesday at $145.19, in a 52-week trading range of $127.67 to $181.81.
Biogen Inc. (NASDAQ: BIIB) had its short interest rise to 2.68 million shares from the previous 2.36 million. Shares closed Tuesday at $281.74, within a 52-week trading range of $265.00 to $480.18.
Celgene Corp. (NASDAQ: CELG) short interest for this settlement date decreased to 10.64 million shares from the previous reading of 11.21 million. Since March, Celgene has recorded a few of its highest readings of the year, but now short sellers appear to be backing off. The mid-May level was the highest short interest reading year to date. Shares of Celgene closed Tuesday at $112.70, in a 52-week range of $83.16 to $140.72.
Gilead Sciences Inc. (NASDAQ: GILD) saw its short interest rise to 21.73 million shares, from 18.74 million in the previous period. The previous reading was the lowest on the year. Shares closed Tuesday at $102.56, in a 52-week trading range of $85.95 to $123.37.
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MannKind Corp. (NASDAQ: MNKD) saw its short interest increase to 121.78 million shares. The previous reading was 116.06 million. This is the second highest reading on the year. Shares closed Tuesday at $3.31, in a 52-week trading range of $3.29 to $7.88.
Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) short interest decreased to 4.61million, from the previous level of 4.89 million. The mid-June level was far and away the highest reading on the year, and since that time shares have backed off significantly. Shares closed Tuesday at $165.44, in a 52-week range of $150.06 to $208.88.
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