Short Interest in Zealand Pharma A/S (OTCMKTS:ZLDPF) Drops By 31.5%

Zealand Pharma A/S (OTCMKTS:ZLDPF) was the recipient of a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,241,700 shares, a drop of 31.5% from the February 28th total of 1,811,500 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 344.9 days. Approximately 1.7% of the shares of the company are short sold.

Analysts Set New Price Targets

Several research firms recently issued reports on ZLDPF. William Blair raised shares of Zealand Pharma A/S from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Cantor Fitzgerald upgraded shares of Zealand Pharma A/S to a “strong-buy” rating in a report on Tuesday, January 21st.

Zealand Pharma A/S Price Performance

ZLDPF stock opened at $75.60 on Tuesday. The company has a quick ratio of 35.49, a current ratio of 35.49 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of -32.03 and a beta of 0.92. The stock’s fifty day simple moving average is $93.67 and its 200-day simple moving average is $105.27. Zealand Pharma A/S has a 52-week low of $71.20 and a 52-week high of $141.74.

Zealand Pharma A/S (OTCMKTS:ZLDPF) last issued its earnings results on Thursday, February 20th. The company reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.19. The business had revenue of $1.30 million for the quarter, compared to analyst estimates of $28.11 million. Zealand Pharma A/S had a negative return on equity of 15.24% and a negative net margin of 1,725.03%. Equities research analysts expect that Zealand Pharma A/S will post -2.19 EPS for the current year.

Zealand Pharma A/S Company Profile

Zealand Pharma A/S, a biotechnology company, engages in the discovery, development, and commercialization of peptide-based medicines in Denmark. It has a portfolio of medicines focusing on gastrointestinal and metabolic diseases, and other specialty disease areas with unmet medical needs. The company offers Dasiglucagon, a single use syringe or autoinjector for the treatment of severe hypoglycemia; and Dasiglucagon bi-hormone artificial pancreas systems containing insulin and dasiglucagon.