Amneal Pharmaceuticals Inc Class A (NYSE:AMRX) Shorted Shares Increased By 8.4%

October 2, 2018 - By Ruchi Gupta

The stock of Amneal Pharmaceuticals Inc Class A (NYSE:AMRX) registered an increase of 8.4% in short interest. AMRX’s total short interest was 6.19 million shares in October as published by FINRA. Its up 8.4% from 5.71 million shares, reported previously. With 1.06 million shares average volume, it will take short sellers 6 days to cover their AMRX’s short positions. The short interest to Amneal Pharmaceuticals Inc Class A’s float is 11.85%.

The stock decreased 0.44% or $0.095 during the last trading session, reaching $21.395. About 27,706 shares traded. Amneal Pharmaceuticals, Inc. (NYSE:AMRX) has risen 4.29% since October 2, 2017 and is uptrending. It has underperformed by 11.33% the S&P500.

Amneal Pharmaceuticals, Inc., a specialty pharmaceutical company, develops, makes, markets, and distributes generic pharmaceutical products for various dosage forms and therapeutic areas. The company has market cap of $6.39 billion. It operates through Generic and Specialty Pharma divisions. It has a 18.32 P/E ratio. The company's generics portfolio includes approximately 200 product families marketed in various dosage forms, such as solid oral doses comprising tablets, capsules, and powders; liquids; sterile injectables; nasal sprays; inhalation and respiratory products; ophthalmics; films; transdermal patches; and topicals, as well as soft gel, complex molecule, and drug-device combinations.

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