Akorn Inc (NASDAQ:AKRX) Short Interest Decreased By 3.75%

April 17, 2018 - By Marguerite Chambers

The stock of Akorn Inc (NASDAQ:AKRX) registered a decrease of 3.75% in short interest. AKRX’s total short interest was 10.54M shares in April as published by FINRA. Its down 3.75% from 10.95M shares, reported previously. With 1.13 million shares average volume, it will take short sellers 9 days to cover their AKRX’s short positions. The short interest to Akorn Inc’s float is 11.29%.

The stock increased 1.50% or $0.28 during the last trading session, reaching $18.97. About 476,361 shares traded. Akorn, Inc. (NASDAQ:AKRX) has declined 20.35% since April 17, 2017 and is downtrending. It has underperformed by 31.90% the S&P500.

Akorn, Inc., a specialty generic pharmaceutical company, develops, makes, and markets specialized generic and branded pharmaceuticals, over-the-counter drug products, and animal health products in the United States and internationally. The company has market cap of $2.38 billion. The firm operates in two divisions, Prescription Pharmaceuticals and Consumer Health. It currently has negative earnings. The Prescription Pharmaceuticals segment offers generic and branded prescription pharmaceuticals in various dosage forms, including sterile ophthalmics, injectables, and inhalants; and non-sterile oral liquids, topicals, nasal sprays, and otics.

Akorn, Inc. (NASDAQ:AKRX) Ratings Coverage

Among 6 analysts covering Akorn (NASDAQ:AKRX), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Akorn had 7 analyst reports since October 20, 2017 according to SRatingsIntel. The company was maintained on Friday, October 20 by Piper Jaffray. As per Thursday, March 29, the company rating was maintained by RBC Capital Markets. The firm earned “Hold” rating on Thursday, March 15 by Susquehanna. The firm earned “Hold” rating on Wednesday, February 28 by William Blair. The firm has “Hold” rating given on Sunday, November 5 by RBC Capital Markets. The firm has “Hold” rating given on Friday, October 27 by Jefferies.

Akorn, Inc. (NASDAQ:AKRX) Institutional Positions Chart

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