Short Interest in TherapeuticsMD Inc (TXMD) Increases By 4.4%

TherapeuticsMD Inc (NASDAQ:TXMD) saw a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 69,651,906 shares, an increase of 4.4% from the October 15th total of 66,719,902 shares. Based on an average daily volume of 3,686,691 shares, the short-interest ratio is presently 18.9 days. Currently, 36.5% of the company’s shares are sold short.

Several research firms have recently weighed in on TXMD. ValuEngine upgraded TherapeuticsMD from a “hold” rating to a “buy” rating in a report on Friday, September 21st. Oppenheimer set a $14.00 price target on TherapeuticsMD and gave the stock a “buy” rating in a report on Wednesday, September 26th. Cantor Fitzgerald set a $27.00 price target on TherapeuticsMD and gave the stock a “buy” rating in a report on Thursday, September 27th. BidaskClub upgraded TherapeuticsMD from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 29th. Finally, Zacks Investment Research upgraded TherapeuticsMD from a “sell” rating to a “hold” rating in a report on Saturday, August 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $13.45.

TherapeuticsMD stock opened at $4.93 on Friday. The company has a current ratio of 7.88, a quick ratio of 7.79 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $1.09 billion, a P/E ratio of -13.32 and a beta of 1.40. TherapeuticsMD has a one year low of $4.30 and a one year high of $7.66.

TherapeuticsMD (NASDAQ:TXMD) last posted its quarterly earnings data on Wednesday, November 7th. The company reported ($0.16) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.06. The company had revenue of $3.47 million for the quarter, compared to analyst estimates of $4.43 million. TherapeuticsMD had a negative return on equity of 80.75% and a negative net margin of 582.86%. The firm’s quarterly revenue was down 21.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) earnings per share. Equities analysts predict that TherapeuticsMD will post -0.63 earnings per share for the current fiscal year.

In other news, Director Brian Bernick sold 91,400 shares of the business’s stock in a transaction dated Friday, October 5th. The stock was sold at an average price of $5.93, for a total transaction of $542,002.00. Following the sale, the director now directly owns 242,000 shares in the company, valued at $1,435,060. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert G. Finizio sold 184,000 shares of the business’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $6.24, for a total value of $1,148,160.00. Following the sale, the chief executive officer now owns 18,485,559 shares in the company, valued at $115,349,888.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,158,800 shares of company stock worth $12,946,562. Company insiders own 22.85% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its stake in shares of TherapeuticsMD by 10.6% in the third quarter. BlackRock Inc. now owns 16,070,569 shares of the company’s stock worth $105,421,000 after acquiring an additional 1,537,045 shares during the period. FMR LLC lifted its stake in TherapeuticsMD by 14.7% in the third quarter. FMR LLC now owns 12,049,988 shares of the company’s stock valued at $79,048,000 after buying an additional 1,542,987 shares during the period. Voya Investment Management LLC lifted its stake in TherapeuticsMD by 7.7% in the second quarter. Voya Investment Management LLC now owns 3,419,174 shares of the company’s stock valued at $21,336,000 after buying an additional 242,995 shares during the period. Northern Trust Corp lifted its stake in TherapeuticsMD by 4.0% in the second quarter. Northern Trust Corp now owns 2,086,552 shares of the company’s stock valued at $13,021,000 after buying an additional 81,062 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in TherapeuticsMD by 17.4% in the second quarter. OppenheimerFunds Inc. now owns 1,932,439 shares of the company’s stock valued at $12,058,000 after buying an additional 286,123 shares during the period. 66.20% of the stock is currently owned by institutional investors.

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TherapeuticsMD Company Profile

TherapeuticsMD, Inc operates as a women's health care product company. Its pipeline of hormone therapy drug candidates include TX-001HR, a combination of estradiol and progesterone drug candidate under clinical trials for the treatment of moderate to severe vasomotor symptoms due to menopause; TX-002HR, a natural progesterone formulation for the treatment of secondary amenorrhea without the potentially allergenic component of peanut oil; and TX-004HR, an applicator-free vaginal estradiol softgel drug candidate for the treatment of moderate to severe dyspareunia, a symptom of vulvar and vaginal atrophy in post-menopausal women with vaginal linings that do not receive enough estrogen.

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