Senomyx (NASDAQ:SNMX) has witnessed a rise of 4.7% or 289,848 shares in its short figure. The short interest augmentation took it from 6,172,524 on May 31,2016 to 6,462,372 on June 15,2016. In terms of floated shares, the short interest was calculated to be 14.7%. The days to cover are 20 given that the daily volume averaged 324,984 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Senomyx (NASDAQ:SNMX): The stock opened at $3.07 on Friday but the bulls could not build on the opening and the stock topped out at $3.10 for the day. The stock traded down to $2.87 during the day, due to lack of any buying support eventually closed down at $3.09 with a loss of -3.44% for the day. The stock had closed at $3.20 on the previous day. The total traded volume was 4,011,571 shares.
The company shares have dropped -37.70% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $7.80 and the one year low was seen on May 19, 2016. The 50-Day Moving Average price is $2.85 and the 200 Day Moving Average price is recorded at $3.03.
Senomyx (NASDAQ:SNMX) has tumbled 6.08% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 16.6% in the last four weeks. The stocks have underperformed the S&P 500 by 4.52% during the past week but Senomyx (NASDAQ:SNMX) it has outperformed the index in 4 weeks by 20.13%.
Senomyx, Inc. is focused on using taste receptor technologies to discover, develop and commercialize flavor ingredients for the packaged food, beverage and ingredient supply industries to improve the nutritional profile of their products and generate cost of goods savings while maintaining or improving taste. The Company is engaged in the discovery, development and/or commercialization of flavor ingredients through five programs focused on sweet, savory, bitter, cooling and salt taste areas. It has developed taste receptor-based assays for use in its screening systems and to screen its compound libraries and identify potential flavor ingredients. It has identified S2383, a modifier of the sweetener sucralose; S6973 and S9632, two modifiers of sucrose, or common table sugar, and S617, a modifier of sucrose and high fructose corn syrup. It has also identified several sample classes of new cooling agents that demonstrate a taste proof-of-concept and display cooling properties.