Alpha Teknova, Inc. (NASDAQ:TKNO) Short Interest Up 54.3% in February

Alpha Teknova, Inc. (NASDAQ:TKNO - Get Free Report) was the recipient of a significant increase in short interest in February. As of February 15th, there was short interest totalling 964,000 shares, an increase of 54.3% from the January 31st total of 624,800 shares. Based on an average daily trading volume, of 278,000 shares, the short-interest ratio is presently 3.5 days. Approximately 9.1% of the company's shares are sold short.

Alpha Teknova Stock Down 1.2 %

Shares of NASDAQ TKNO traded down $0.07 on Wednesday, hitting $5.97. The company had a trading volume of 1,344,169 shares, compared to its average volume of 286,550. The firm has a market capitalization of $318.25 million, a P/E ratio of -8.07 and a beta of 0.34. The company has a quick ratio of 3.94, a current ratio of 4.73 and a debt-to-equity ratio of 0.12. Alpha Teknova has a 12-month low of $1.16 and a 12-month high of $10.37. The business has a 50 day moving average of $8.27 and a two-hundred day moving average of $6.89.

Alpha Teknova (NASDAQ:TKNO - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported ($0.11) earnings per share for the quarter. The company had revenue of $9.27 million during the quarter, compared to analysts' expectations of $9.10 million. Alpha Teknova had a negative return on equity of 35.30% and a negative net margin of 87.17%. As a group, equities research analysts forecast that Alpha Teknova will post -0.58 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On Alpha Teknova

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in Alpha Teknova by 622.5% in the 4th quarter. JPMorgan Chase & Co. now owns 4,400 shares of the company's stock valued at $37,000 after buying an additional 3,791 shares during the last quarter. Mount Lucas Management LP purchased a new stake in Alpha Teknova during the 4th quarter worth approximately $75,000. China Universal Asset Management Co. Ltd. acquired a new position in shares of Alpha Teknova in the 4th quarter valued at approximately $94,000. Two Sigma Investments LP boosted its stake in shares of Alpha Teknova by 46.2% during the 4th quarter. Two Sigma Investments LP now owns 15,148 shares of the company's stock valued at $126,000 after buying an additional 4,789 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Alpha Teknova by 14.3% during the 4th quarter. NewEdge Advisors LLC now owns 15,632 shares of the company's stock worth $131,000 after acquiring an additional 1,953 shares in the last quarter. 13.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Craig Hallum began coverage on shares of Alpha Teknova in a research report on Monday, February 10th. They issued a "buy" rating and a $12.00 price objective for the company.

Alpha Teknova Company Profile

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.