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

Danimer Scientific, Inc. (NYSE:DNMR) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 494,200 shares, an increase of 7.9% from the November 30th total of 457,900 shares. Based on an average daily volume of 67,300 shares, the days-to-cover ratio is presently 7.3 days. Currently, 18.2% of the company’s shares are sold short.

Analysts Set New Price Targets

A number of analysts recently commented on DNMR shares. Piper Sandler lowered Danimer Scientific from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $40.00 to $4.00 in a research note on Wednesday, November 20th. TD Cowen dropped their price target on Danimer Scientific from $40.00 to $5.50 and set a “hold” rating for the company in a research note on Thursday, November 21st.

Danimer Scientific Stock Performance

Shares of DNMR stock opened at $2.10 on Thursday. The stock has a fifty day moving average of $7.24 and a 200 day moving average of $14.43. Danimer Scientific has a 52 week low of $1.81 and a 52 week high of $73.60. The firm has a market capitalization of $6.34 million, a price-to-earnings ratio of -0.06 and a beta of 1.43. The company has a quick ratio of 2.05, a current ratio of 3.28 and a debt-to-equity ratio of 1.80.

Hedge Funds Weigh In On Danimer Scientific

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Diversified Trust Co lifted its position in Danimer Scientific by 53.1% during the third quarter. Diversified Trust Co now owns 436,200 shares of the company’s stock valued at $198,000 after buying an additional 151,200 shares during the period. Armistice Capital LLC lifted its position in Danimer Scientific by 10.8% during the second quarter. Armistice Capital LLC now owns 10,424,000 shares of the company’s stock valued at $6,288,000 after buying an additional 1,014,000 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in Danimer Scientific during the second quarter valued at $62,000. Capital Investment Advisors LLC increased its holdings in shares of Danimer Scientific by 4.9% during the third quarter. Capital Investment Advisors LLC now owns 630,329 shares of the company’s stock valued at $286,000 after acquiring an additional 29,200 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Danimer Scientific by 9.2% during the third quarter. Geode Capital Management LLC now owns 1,107,910 shares of the company’s stock valued at $503,000 after acquiring an additional 93,672 shares in the last quarter. Hedge funds and other institutional investors own 33.84% of the company’s stock.

About Danimer Scientific

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.