Evogene Ltd. (NASDAQ:EVGN) Short Interest Update

Evogene Ltd. (NASDAQ:EVGN) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 135,100 shares, an increase of 503.1% from the October 31st total of 22,400 shares. Based on an average daily volume of 272,900 shares, the days-to-cover ratio is currently 0.5 days. Approximately 2.6% of the company’s stock are sold short.

Evogene Stock Performance

Shares of EVGN traded down $0.08 during mid-day trading on Friday, hitting $1.61. 40,963 shares of the company’s stock were exchanged, compared to its average volume of 89,044. The firm has a fifty day moving average of $2.27 and a two-hundred day moving average of $4.29. Evogene has a twelve month low of $1.44 and a twelve month high of $10.40.

Institutional Trading of Evogene

A hedge fund recently bought a new stake in Evogene stock. Renaissance Investment Group LLC acquired a new position in shares of Evogene Ltd. (NASDAQ:EVGN) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 10,000 shares of the biotechnology company’s stock, valued at approximately $31,000. Institutional investors and hedge funds own 10.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on EVGN. Lake Street Capital dropped their price target on shares of Evogene from $30.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, August 23rd. StockNews.com began coverage on shares of Evogene in a research note on Tuesday. They set a “sell” rating on the stock.

About Evogene

Evogene Ltd., together with its subsidiaries, operates as a computational biology company. It focuses on product discovery and development in life-science based industries, including human health and agriculture, through the use of its Computational Predictive Biology (CPB) platform. The company operates through three segments: Agriculture, Human Health, and Industrial Applications.