Seer, Inc. (NASDAQ:SEER) Sees Large Drop in Short Interest

Seer, Inc. (NASDAQ:SEER) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 841,100 shares, a decrease of 66.8% from the June 30th total of 2,530,000 shares. Currently, 1.8% of the shares of the company are sold short. Based on an average trading volume of 614,500 shares, the days-to-cover ratio is presently 1.4 days.

Seer Stock Performance

Shares of SEER traded up $0.02 during mid-day trading on Thursday, hitting $2.06. The company’s stock had a trading volume of 1,023,032 shares, compared to its average volume of 531,942. Seer has a one year low of $1.46 and a one year high of $5.13. The firm has a market capitalization of $133.43 million, a PE ratio of -1.58 and a beta of 1.45. The stock’s 50-day moving average is $1.80 and its two-hundred day moving average is $1.82.

Seer (NASDAQ:SEER) last posted its quarterly earnings data on Wednesday, May 8th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.01). Seer had a negative net margin of 529.52% and a negative return on equity of 20.69%. The business had revenue of $3.07 million during the quarter, compared to the consensus estimate of $3.55 million. Analysts expect that Seer will post -1.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Seer

Hedge funds have recently modified their holdings of the business. Kent Lake Capital LLC acquired a new stake in Seer during the first quarter worth $1,425,000. Price T Rowe Associates Inc. MD boosted its stake in Seer by 74.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 59,580 shares of the company’s stock worth $114,000 after buying an additional 25,441 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Seer during the first quarter worth $56,000. Acadian Asset Management LLC boosted its stake in Seer by 233.7% during the first quarter. Acadian Asset Management LLC now owns 1,329,823 shares of the company’s stock worth $2,525,000 after buying an additional 931,260 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Seer by 1.0% during the first quarter. Vanguard Group Inc. now owns 2,636,577 shares of the company’s stock worth $5,009,000 after buying an additional 25,944 shares in the last quarter. 75.20% of the stock is owned by institutional investors.

Seer Company Profile

Seer, Inc, a life sciences company, engages in developing and commercializing products to decode the biology of the proteome. It develops Proteograph Product Suite, an integrated solution that includes proprietary engineered nanoparticles, consumables, automation instrumentation, and software to perform proteomic analysis to provide a solution that can be incorporated by nearly any lab for research use only.