The short interest data are out for the September 30 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 September 30 short interest data have been compared with the previous figures, and short interest increased in most of these selected stocks for this settlement date.
Amgen Inc. (NASDAQ: AMGN) saw its short interest jump to 11.01 million shares from the previous level of 10.4 million. Shares closed Friday at $149.59, in a 52-week trading range of $127.67 to $181.81.
Biogen Inc. (NASDAQ: BIIB) had its short interest rise to 5.15 million shares from the previous 4.59 million. Shares closed Friday at $269.16, within a 52-week trading range of $265.00 to $480.18.
Celgene Corp. (NASDAQ: CELG) short interest for this settlement date increased to 16.53 million shares from the previous reading of 14.95 million. Shares of Celgene closed Friday at $117.38, in a 52-week range of $83.16 to $140.72.
Gilead Sciences Inc. (NASDAQ: GILD) saw its short interest drop to 28.39 million shares, from 29.60 million in the previous period. Shares closed Friday at $100.65, 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 very slightly to 126.84 million shares. The previous reading was 126.66 million. This is the highest reading on the year. Shares closed Friday at $3.05, in a 52-week trading range of $2.98 to $7.88.
Alexion Pharmaceuticals Inc. (NASDAQ: ALXN) short interest decreased to 6.62 million from the previous level of 6.66 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 Friday at $161.08, in a 52-week range of $142.02 to $208.88.
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