Akorn Inc (NASDAQ:AKRX)’s Stock Is Buy After Less Market Selling

April 17, 2018 - By Peter Erickson

The stock of Akorn Inc (NASDAQ:AKRX) registered a decrease of 3.75% in short interest. AKRX’s total short interest was 10.54 million 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. On Friday, October 20 the stock rating was maintained by Piper Jaffray with “Hold”. The company was maintained on Wednesday, February 28 by William Blair. RBC Capital Markets maintained Akorn, Inc. (NASDAQ:AKRX) rating on Thursday, March 29. RBC Capital Markets has “Hold” rating and $2500 target. The stock of Akorn, Inc. (NASDAQ:AKRX) earned “Hold” rating by Jefferies on Friday, October 27. The firm has “Hold” rating given on Thursday, March 15 by Susquehanna. The stock of Akorn, Inc. (NASDAQ:AKRX) earned “Hold” rating by RBC Capital Markets on Sunday, November 5.

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

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