Collegium Pharmaceutical, Inc. (COLL) Short Interest Update
Collegium Pharmaceutical, Inc. (NASDAQ:COLL) was the recipient of a significant decrease in short interest in the month of November. As of November 30th, there was short interest totalling 4,449,863 shares, a decrease of 22.2% from the November 15th total of 5,717,770 shares. Approximately 20.3% of the shares of the stock are short sold. Based on an average trading volume of 1,238,901 shares, the short-interest ratio is presently 3.6 days.
In other Collegium Pharmaceutical news, insider Alison B. Fleming sold 4,601 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $17.25, for a total value of $79,367.25. Following the sale, the insider now directly owns 28,513 shares in the company, valued at $491,849.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Longitude Capital Partners, Ll sold 1,000,000 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $17.34, for a total value of $17,340,000.00. The disclosure for this sale can be found here. Insiders sold 1,058,630 shares of company stock worth $18,264,360 over the last quarter. Company insiders own 25.76% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Voya Investment Management LLC bought a new position in Collegium Pharmaceutical in the second quarter valued at about $125,000. Nationwide Fund Advisors boosted its holdings in Collegium Pharmaceutical by 27.8% in the second quarter. Nationwide Fund Advisors now owns 12,889 shares of the specialty pharmaceutical company’s stock valued at $161,000 after acquiring an additional 2,802 shares during the last quarter. Credit Suisse AG boosted its holdings in Collegium Pharmaceutical by 9.4% in the first quarter. Credit Suisse AG now owns 13,630 shares of the specialty pharmaceutical company’s stock valued at $137,000 after acquiring an additional 1,173 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Collegium Pharmaceutical in the second quarter valued at about $198,000. Finally, State of Wisconsin Investment Board bought a new position in Collegium Pharmaceutical in the second quarter valued at about $225,000. Institutional investors and hedge funds own 79.98% of the company’s stock.
COLL has been the topic of several research analyst reports. HC Wainwright initiated coverage on Collegium Pharmaceutical in a report on Monday, September 11th. They set a “buy” rating and a $21.00 target price on the stock. Jefferies Group restated a “buy” rating and set a $15.00 target price on shares of Collegium Pharmaceutical in a report on Thursday, September 21st. Needham & Company LLC restated a “buy” rating and set a $25.00 target price on shares of Collegium Pharmaceutical in a report on Friday, October 6th. Zacks Investment Research upgraded Collegium Pharmaceutical from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Monday, November 13th. Finally, Piper Jaffray Companies set a $19.00 target price on Collegium Pharmaceutical and gave the stock a “buy” rating in a report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $23.50.
Shares of Collegium Pharmaceutical (COLL) opened at $17.30 on Friday. Collegium Pharmaceutical has a 1-year low of $7.37 and a 1-year high of $20.92.
Collegium Pharmaceutical (NASDAQ:COLL) last announced its earnings results on Wednesday, November 8th. The specialty pharmaceutical company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.73) by $0.28. The company had revenue of $11.95 million for the quarter, compared to analysts’ expectations of $5.31 million. Collegium Pharmaceutical had a negative return on equity of 77.11% and a negative net margin of 447.83%. The business’s revenue for the quarter was up 2814.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.13) earnings per share. equities research analysts anticipate that Collegium Pharmaceutical will post -2.52 EPS for the current year.
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About Collegium Pharmaceutical
Collegium Pharmaceutical, Inc is a specialty pharmaceutical company. The Company is engaged in developing and commercializing abuse-deterrent products that incorporate its DETERx platform technology for the treatment of chronic pain and other diseases. Its products include Xtampza ER and ONSOLIS. Its DETERx platform provides extended-release drug delivery, while safeguarding against common methods of abuse and tampering, including crushing, chewing, and heating and injecting.
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