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

Danimer Scientific, Inc. (NYSE:DNMR) was the recipient of a significant growth in short interest in 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. Approximately 18.2% of the company’s stock are short sold. Based on an average trading volume of 67,300 shares, the days-to-cover ratio is currently 7.3 days.

Institutional Investors Weigh In On Danimer Scientific

Several large investors have recently bought and sold shares of the business. Armistice Capital LLC boosted its position in Danimer Scientific by 10.8% in the second quarter. Armistice Capital LLC now owns 10,424,000 shares of the company’s stock worth $6,288,000 after purchasing an additional 1,014,000 shares during the last quarter. Geode Capital Management LLC boosted its position in Danimer Scientific by 9.2% in the third quarter. Geode Capital Management LLC now owns 1,107,910 shares of the company’s stock worth $503,000 after purchasing an additional 93,672 shares during the last quarter. Capital Investment Advisors LLC boosted its position in Danimer Scientific by 4.9% in the third quarter. Capital Investment Advisors LLC now owns 630,329 shares of the company’s stock worth $286,000 after purchasing an additional 29,200 shares during the last quarter. Diversified Trust Co boosted its position in Danimer Scientific by 53.1% in the third quarter. Diversified Trust Co now owns 436,200 shares of the company’s stock worth $198,000 after purchasing an additional 151,200 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in Danimer Scientific in the second quarter worth about $62,000. 33.84% of the stock is currently owned by institutional investors.

Danimer Scientific Price Performance

NYSE DNMR opened at $2.10 on Thursday. Danimer Scientific has a one year low of $1.81 and a one year high of $73.60. The stock has a 50-day moving average of $7.24 and a 200 day moving average of $14.43. The company has a market capitalization of $6.34 million, a price-to-earnings ratio of -0.06 and a beta of 1.43. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.05 and a current ratio of 3.28.

Analyst Ratings Changes

DNMR has been the subject of several analyst reports. Piper Sandler downgraded Danimer Scientific from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $40.00 to $4.00 in a report on Wednesday, November 20th. TD Cowen reduced their price target on Danimer Scientific from $40.00 to $5.50 and set a “hold” rating for the company in a report on Thursday, November 21st.

About Danimer Scientific

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.