Olink Holding AB (publ) (NASDAQ:OLK) Short Interest Down 41.9% in June

Olink Holding AB (publ) (NASDAQ:OLK) saw a significant drop in short interest in June. As of June 30th, there was short interest totalling 1,470,000 shares, a drop of 41.9% from the June 15th total of 2,530,000 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 527,000 shares, the short-interest ratio is presently 2.8 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OLK. FIL Ltd bought a new stake in shares of Olink Holding AB (publ) during the 4th quarter valued at about $204,394,000. Westchester Capital Management LLC bought a new position in shares of Olink Holding AB (publ) during the fourth quarter valued at approximately $50,867,000. Alpine Associates Management Inc. acquired a new stake in shares of Olink Holding AB (publ) during the 4th quarter worth approximately $47,302,000. Water Island Capital LLC bought a new stake in shares of Olink Holding AB (publ) in the 4th quarter worth approximately $41,360,000. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in Olink Holding AB (publ) during the 4th quarter valued at approximately $16,735,000. Institutional investors own 30.19% of the company’s stock.

Olink Holding AB (publ) Stock Performance

NASDAQ:OLK remained flat at $26.08 during trading hours on Friday. 2,206 shares of the company’s stock traded hands, compared to its average volume of 1,009,056. The firm has a fifty day simple moving average of $24.70 and a 200 day simple moving average of $24.15. Olink Holding AB has a one year low of $14.10 and a one year high of $26.09. The company has a market capitalization of $3.24 billion, a P/E ratio of -96.59 and a beta of 0.52.

Olink Holding AB (publ) (NASDAQ:OLK) last issued its quarterly earnings results on Monday, May 13th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.01). Olink Holding AB (publ) had a negative net margin of 19.72% and a negative return on equity of 7.07%. The business had revenue of $28.75 million during the quarter, compared to analysts’ expectations of $31.29 million. As a group, equities research analysts expect that Olink Holding AB will post -0.19 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OLK has been the topic of several analyst reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $26.00 price target on shares of Olink Holding AB (publ) in a research note on Tuesday, March 26th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $26.00 target price on shares of Olink Holding AB (publ) in a research note on Tuesday, March 26th.

About Olink Holding AB (publ)

Olink Holding AB (publ) develops, produces, markets, and sells biotechnological products and services for the academic, government, biopharmaceutical, biotechnology, service provider, and other institutions that focuses on life science research. The company's products include Olink Explore that consist of Explore 372 and Explore 384 for cardiovascular and metabolic, oncology, neurology, and inflammation diseases; Olink Target product line; Olink Flex, a low-plex applications and use-cases; and Olink Focus product line that consists of custom developed solutions for customers that has identified various proteins of interest or a protein signature to focus on.