Tekla Life Sciences Investors shares had a trading volume of 239K in the last trading session. Trading volume was up 175.95% over the stocks average daily volume.
Traders are more bearish on the company if you look at the change in short interest. The stock saw a rise in short interest from September 29, 2017 to October 13, 2017 of 74.88%. Short shares grew 41,520 over that period. The days to cover increased to 2.0 and the percentage of shorted shares was 0.00% on October 13.
A few notable investment firms have updated their holdings. As of the end of the quarter New England Private Wealth Advisors LLC had acquired a total of 89 shares growing its position 0.7%. The value of the investment in Tekla Life Sciences Investors went from $255,000 to $264,000 a change of 3.5% since the last quarter. As of quarter end Oppenheimer & Co Inc had bought 343 shares growing its stake by 1.3%. The value of the company’s investment in Tekla Life Sciences Investors increased from $548,000 to $572,000 a change of $24,000 for the reporting period.
As of quarter end Citigroup Inc had sold a total of 2 shares trimming its holdings by 0.1%. The value in dollars increased from $38,000 to $39,000 increasing 2.6% quarter to quarter. As of the end of the quarter Raymond James & Associates had disposed of a total of 3,288 shares trimming its position 3.0%. The value of the investment in (HQL) went from $2,279,000 to $2,277,000 a change of 0.1% quarter over quarter.
The company is trading up since yesterday’s close of 18.81. The P/E ratio is currently N/A and market cap is 399.27M. In the latest earnings report the EPS was $-5.96 with 21.17M shares outstanding.
H&Q Life Sciences Investors (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment in life science companies (including biotechnology, pharmaceutical, diagnostics, managed healthcare and medical equipment, hospitals, healthcare information technology and services, devices and supplies) agriculture and environmental management. The Fund invests primarily in securities of public and private companies..