Juniper Pharmaceuticals Inc (JNP) Sees Large Decline in Short Interest

Juniper Pharmaceuticals Inc (NASDAQ:JNP) was the target of a large drop in short interest in April. As of April 13th, there was short interest totalling 132,588 shares, a drop of 18.7% from the March 31st total of 163,022 shares. Based on an average trading volume of 37,083 shares, the short-interest ratio is currently 3.6 days.

Shares of Juniper Pharmaceuticals (NASDAQ:JNP) opened at 4.05 on Friday. The stock has a market cap of $43.91 million, a price-to-earnings ratio of 7.17 and a beta of 0.25. The company has a 50-day moving average price of $4.26 and a 200 day moving average price of $4.98. Juniper Pharmaceuticals has a one year low of $3.65 and a one year high of $8.00.

Juniper Pharmaceuticals (NASDAQ:JNP) last announced its quarterly earnings results on Thursday, May 4th. The specialty pharmaceutical company reported ($0.13) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. Juniper Pharmaceuticals had a negative net margin of 7.44% and a negative return on equity of 9.68%. The business had revenue of $11.25 million during the quarter, compared to analysts’ expectations of $11.27 million. Equities research analysts expect that Juniper Pharmaceuticals will post ($0.45) earnings per share for the current year.

Several brokerages have recently issued reports on JNP. Roth Capital set a $12.00 target price on Juniper Pharmaceuticals and gave the company a “buy” rating in a research report on Saturday, May 6th. HC Wainwright reaffirmed a “hold” rating on shares of Juniper Pharmaceuticals in a research report on Monday, May 15th. Finally, TheStreet raised Juniper Pharmaceuticals from a “d+” rating to a “c” rating in a research report on Wednesday, April 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $9.17.

Several institutional investors have recently made changes to their positions in JNP. Vanguard Group Inc. raised its position in shares of Juniper Pharmaceuticals by 0.4% in the first quarter. Vanguard Group Inc. now owns 451,338 shares of the specialty pharmaceutical company’s stock valued at $2,144,000 after buying an additional 1,942 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Juniper Pharmaceuticals by 21.7% in the first quarter. Renaissance Technologies LLC now owns 309,500 shares of the specialty pharmaceutical company’s stock valued at $1,470,000 after buying an additional 55,200 shares in the last quarter. Stonepine Capital Management LLC raised its position in shares of Juniper Pharmaceuticals by 31.3% in the fourth quarter. Stonepine Capital Management LLC now owns 228,392 shares of the specialty pharmaceutical company’s stock valued at $1,279,000 after buying an additional 54,425 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Juniper Pharmaceuticals by 26.3% in the third quarter. Wells Fargo & Company MN now owns 145,586 shares of the specialty pharmaceutical company’s stock valued at $808,000 after buying an additional 30,286 shares in the last quarter. Finally, Algert Global LLC raised its position in shares of Juniper Pharmaceuticals by 28.9% in the first quarter. Algert Global LLC now owns 108,315 shares of the specialty pharmaceutical company’s stock valued at $514,000 after buying an additional 24,270 shares in the last quarter. Hedge funds and other institutional investors own 33.12% of the company’s stock.

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About Juniper Pharmaceuticals

Juniper Pharmaceuticals, Inc, formerly Columbia Laboratories, Inc, is a women’s health therapeutic company focused on developing intra-vaginal therapeutics that addresses the medical needs in women’s health. The Company operates through two segments: product and service. The product segment includes supply chain management for CRINONE.

12 Month Chart for NASDAQ:JNP

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