Short Interest in Alpha Teknova, Inc. (NASDAQ:TKNO) Grows By 83.3%

Alpha Teknova, Inc. (NASDAQ:TKNO - Get Free Report) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 644,600 shares, an increase of 83.3% from the December 31st total of 351,600 shares. Based on an average daily volume of 273,500 shares, the days-to-cover ratio is currently 2.4 days. Currently, 6.1% of the company's shares are sold short.

Alpha Teknova Trading Up 2.8 %

Shares of Alpha Teknova stock traded up $0.26 during trading hours on Tuesday, hitting $9.46. The company's stock had a trading volume of 230,576 shares, compared to its average volume of 226,176. The business has a fifty day moving average of $8.32 and a 200 day moving average of $6.32. Alpha Teknova has a 1-year low of $1.15 and a 1-year high of $10.37. The company has a quick ratio of 3.94, a current ratio of 4.73 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $504.29 million, a PE ratio of -12.78 and a beta of 0.34.

Alpha Teknova (NASDAQ:TKNO - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.04). Alpha Teknova had a negative net margin of 87.17% and a negative return on equity of 35.30%. The company had revenue of $9.58 million during the quarter, compared to analysts' expectations of $9.30 million. During the same period last year, the business earned ($0.34) earnings per share. As a group, equities analysts forecast that Alpha Teknova will post -0.58 EPS for the current year.

Hedge Funds Weigh In On Alpha Teknova

Several hedge funds and other institutional investors have recently bought and sold shares of TKNO. Roubaix Capital LLC purchased a new position in Alpha Teknova in the 3rd quarter valued at about $2,015,000. Point72 Asset Management L.P. acquired a new position in shares of Alpha Teknova in the third quarter worth about $1,483,000. Nkcfo LLC purchased a new position in Alpha Teknova in the fourth quarter valued at about $501,000. State Street Corp grew its stake in Alpha Teknova by 249.3% during the 3rd quarter. State Street Corp now owns 76,645 shares of the company's stock valued at $371,000 after purchasing an additional 54,700 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Alpha Teknova by 24.4% during the 3rd quarter. Geode Capital Management LLC now owns 188,173 shares of the company's stock worth $911,000 after purchasing an additional 36,914 shares during the last quarter. 13.81% of the stock is owned by institutional investors and hedge funds.

About Alpha Teknova

Alpha Teknova, Inc produces critical reagents for the research, discovery, development, and commercialization of novel therapies, vaccines, and molecular diagnostics in the United States and internationally. The company offers pre-poured media plates for cell growth and cloning; liquid cell culture media and supplements for cellular expansion; and molecular biology reagents for sample manipulation, resuspension, and purification.