Grail, Inc. (NASDAQ:GRAL – Get Free Report) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 3,640,000 shares, a drop of 21.6% from the February 13th total of 4,640,000 shares. Currently, 13.2% of the shares of the company are short sold. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is currently 2.5 days.
Grail Stock Down 2.1 %
Shares of GRAL stock traded down $0.61 on Monday, hitting $29.13. 795,558 shares of the stock traded hands, compared to its average volume of 1,225,506. Grail has a 52 week low of $12.33 and a 52 week high of $63.99. The firm has a 50 day simple moving average of $31.81 and a two-hundred day simple moving average of $21.39.
Grail (NASDAQ:GRAL – Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.86) EPS for the quarter, beating the consensus estimate of ($4.41) by $2.55. The firm had revenue of $38.25 million for the quarter, compared to the consensus estimate of $35.33 million. Sell-side analysts expect that Grail will post -15.15 EPS for the current fiscal year.
Insider Buying and Selling
Institutional Trading of Grail
Several institutional investors and hedge funds have recently modified their holdings of the company. Crcm LP bought a new stake in Grail in the 4th quarter valued at $65,061,000. Sessa Capital IM L.P. bought a new stake in Grail in the 4th quarter valued at $53,550,000. Primecap Management Co. CA bought a new stake in Grail in the 4th quarter valued at $37,118,000. Baker BROS. Advisors LP bought a new stake in Grail in the 4th quarter valued at $29,098,000. Finally, Vanguard Group Inc. bought a new stake in Grail in the 4th quarter valued at $25,902,000.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley started coverage on shares of Grail in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $16.00 price target on the stock.
Read Our Latest Report on GRAL
Grail Company Profile
GRAIL, Inc is a healthcare company. It engages in the development of a technology for early detection of cancer. The company was founded by Jeffrey T. Huber, William H. Rastetter, and Mostafa Ronaghi on September 11, 2015 and is headquartered in Menlo Park, CA.
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