What Next for Nantkwest Incorporated (NASDAQ:NK) Stock After Increase in Shorted Shares?

July 18, 2017 - By Adrian Mccoy

 What Next for Nantkwest Incorporated (NASDAQ:NK) Stock After Increase in Shorted Shares?

The stock of Nantkwest Incorporated (NASDAQ:NK) registered an increase of 21.44% in short interest. NK’s total short interest was 5.40M shares in July as published by FINRA. Its up 21.44% from 4.44M shares, reported previously. With 845,700 shares average volume, it will take short sellers 6 days to cover their NK’s short positions. The short interest to Nantkwest Incorporated’s float is 7.5%.

The stock increased 0.15% or $0.01 during the last trading session, reaching $6.82. About shares traded. Nantkwest Inc (NASDAQ:NK) has declined 40.03% since July 18, 2016 and is downtrending. It has underperformed by 56.73% the S&P500.

NantKwest, Inc. is a clinical-stage immunotherapy company. The company has market cap of $560.30 million. The Firm is focused on harnessing the power of the innate immune system by using the natural killer cell to treat cancer, infectious diseases and inflammatory diseases. It currently has negative earnings.

Nantkwest Inc (NASDAQ:NK) Ratings Coverage

Among 7 analysts covering NantKwest (NASDAQ:NK), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. NantKwest had 10 analyst reports since August 24, 2015 according to SRatingsIntel. The rating was initiated by Jefferies with “Buy” on Monday, August 24. Citigroup initiated the shares of NK in report on Monday, August 24 with “Buy” rating. Piper Jaffray initiated it with “Overweight” rating and $38 target in Monday, August 24 report. The stock of Nantkwest Inc (NASDAQ:NK) has “Buy” rating given on Monday, August 24 by MLV. The stock of Nantkwest Inc (NASDAQ:NK) earned “Outperform” rating by FBR Capital on Wednesday, October 28. The stock has “Buy” rating by Canaccord Genuity on Tuesday, December 22. The stock of Nantkwest Inc (NASDAQ:NK) has “Sell” rating given on Tuesday, May 16 by Citigroup. The stock of Nantkwest Inc (NASDAQ:NK) earned “Neutral” rating by Citigroup on Monday, March 14. The rating was downgraded by Jefferies on Tuesday, January 24 to “Hold”. The stock of Nantkwest Inc (NASDAQ:NK) has “Market Perform” rating given on Thursday, June 2 by Raymond James.

More news for Nantkwest Inc (NASDAQ:NK) were recently published by: Law360.com, which released: “Fed. Circ. Affirms USPTO’s No-Matter-What Attys’ Fees Rule” on June 23, 2017. Businesswire.com‘s article titled: “Haeggquist & Eck, LLP Investigates NantKwest Inc. for Potential Breaches of …” and published on July 14, 2017 is yet another important article.

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