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

Danimer Scientific, Inc. (NYSE:DNMR) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 494,200 shares, a growth 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 currently 7.3 days. Approximately 18.2% of the shares of the company are short sold.

Analyst Ratings Changes

DNMR has been the topic of a number of recent research reports. TD Cowen reduced their price target on shares of Danimer Scientific from $40.00 to $5.50 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Piper Sandler cut shares of Danimer Scientific from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $40.00 to $4.00 in a report on Wednesday, November 20th.

Hedge Funds Weigh In On Danimer Scientific

Several institutional investors have recently modified their holdings of the company. Armistice Capital LLC lifted its position in Danimer Scientific by 10.8% in the 2nd quarter. Armistice Capital LLC now owns 10,424,000 shares of the company’s stock valued at $6,288,000 after purchasing an additional 1,014,000 shares during the last quarter. Diversified Trust Co increased its stake in shares of Danimer Scientific by 53.1% in the third quarter. Diversified Trust Co now owns 436,200 shares of the company’s stock valued at $198,000 after purchasing an additional 151,200 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Danimer Scientific during the second quarter valued at approximately $62,000. Geode Capital Management LLC raised 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 buying an additional 93,672 shares during the last quarter. Finally, First Heartland Consultants Inc. boosted its position in shares of Danimer Scientific by 58.1% during the third quarter. First Heartland Consultants Inc. now owns 81,674 shares of the company’s stock worth $37,000 after buying an additional 30,000 shares during the period. Institutional investors own 33.84% of the company’s stock.

Danimer Scientific Price Performance

Shares of NYSE DNMR opened at $2.10 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.28 and a quick ratio of 2.05. The firm has a market capitalization of $6.34 million, a PE ratio of -0.06 and a beta of 1.43. Danimer Scientific has a 1-year low of $1.81 and a 1-year high of $73.60. The business’s fifty day moving average price is $7.24 and its two-hundred day moving average price is $14.43.

Danimer Scientific Company Profile

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.