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Short Interest in Genmab A/S (OTCMKTS:GNMSF) Drops By 56.4%

Genmab A/S logo with Medical background

Key Points

  • Short interest in Genmab A/S dropped by 56.4% in July, with total shares short decreasing from 69,900 to 30,500.
  • The company's stock price rose by 7.4%, reaching $232.30, and the stock has a market capitalization of $15.35 billion.
  • Genmab's latest quarterly earnings report showed earnings per share of $5.42, exceeding analysts' expectations, despite revenue falling short of estimates at $925 million.
  • Interested in Genmab A/S? Here are five stocks we like better.

Genmab A/S (OTCMKTS:GNMSF - Get Free Report) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 30,500 shares, adeclineof56.4% from the July 15th total of 69,900 shares. Approximately0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 305.0 days. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 305.0 days. Approximately0.0% of the shares of the stock are sold short.

Genmab A/S Stock Up 1.4%

Shares of Genmab A/S stock traded up $3.3705 on Friday, reaching $244.35. The company's stock had a trading volume of 266 shares, compared to its average volume of 544. Genmab A/S has a 52-week low of $170.00 and a 52-week high of $282.06. The company has a market capitalization of $16.15 billion, a P/E ratio of 12.27 and a beta of 0.93. The stock has a 50-day moving average price of $217.14 and a 200-day moving average price of $208.39.

Genmab A/S (OTCMKTS:GNMSF - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $5.42 EPS for the quarter, topping the consensus estimate of $3.99 by $1.43. Genmab A/S had a return on equity of 21.03% and a net margin of 37.53%.The firm had revenue of $925.00 million during the quarter, compared to analysts' expectations of $949.06 million.

About Genmab A/S

(Get Free Report)

Genmab A/S develops antibody therapeutics for the treatment of cancer and other diseases primarily in Denmark. The company markets DARZALEX, a human monoclonal antibody for the treatment of patients with multiple myeloma (MM); teprotumumab for the treatment of thyroid eye disease; and Amivantamab for advanced or metastatic gastric or esophageal cancer and NSCLC.

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