On Tuesday, Opko Health Inc. (NYSE:OPK)’s shares inclined 1.45% to $16.84.
Opko Health Inc. (OPK) may fit the first condition of being at or near its highs, but it does not fulfill the second. Those short Opko don’t seem to mind all that much, being that 44.92M shares are presently held short, constituting 67% of the float. That’s about a million more shares than last month, representing over $15M in capital spent on shorting the stock in one month, at least.
While shorting itself may tend to discourage some retail investors from taking a position, institutional investors in addition to company insiders are usually astute enough to know that for every short seller, there is a buyer of those shares on the other side. Close to 70% of Opko’s float is held by either insiders or institutions, and it is doubtful that any of those shares will be put on the open market any time soon. And even if some are, the company’s founder and CEO, Dr. Phillip Frost, is picking shares at the same pace that shortsellers are borrowing them to sell.
OPKO Health, Inc., a biopharmaceutical and diagnostics company, engages in the discovery, development, and commercialization of novel and proprietary technologies in the United States and internationally. It operates through two segments, Pharmaceuticals and Diagnostics. The company develops various solutions to diagnose, treat, and prevent various conditions, counting point-of-care tests, molecular diagnostics tests, laboratory developed tests, and proprietary pharmaceuticals and vaccines. Its products comprise 4Kscore test that measures the blood plasma levels of four different prostate-derived kallikrein proteins.
International Paper Co (NYSE:IP)’s shares gained 2.89% to $48.73.
International Paper (IP) declared a quarterly dividend of $0.40 per share for the period from July 1, 2015, to September 30, 2015, inclusive, on its common stock, par value $1.00. This dividend is payable on September 15, 2015, to holders of record at the close of business on August 14, 2015.
International Paper Company operates as a paper and packaging company in North America, Europe, Latin America, Russia, Asia, Africa, and the Middle East. The company operates through three segments: Industrial Packaging, Printing Papers, and Consumer Packaging.
At the end of Tuesday’s trade, Cummins Inc. (NYSE:CMI)‘s shares surged 3.34% to $127.92.
The Board of Directors of Cummins Inc. (CMI) approved an enhance in the Company’s quarterly cash dividend on common stock of 25 percent to 97.5 cents per share from 78 cents per share. The dividend is payable on September 1, 2015, to shareholders of record on August 21, 2015.
Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, and engine-related component products. It operates through four segments: Engine, Distribution, Components, and Power Generation. The Engine segment offers various diesel and natural gas powered engines under the Cummins and other customer brand names for the heavy-and medium-duty truck, bus, recreational vehicle, light-duty automotive, agricultural, construction, mining, marine, oil and gas, rail, and governmental equipment markets.
Tyson Foods, Inc. (NYSE:TSN), ended its Tuesdays trading session with 1.66% gain, and closed at $43.38.
Tyson Foods Inc.’s (TSN) partner, Tyson Food Service, and its Italian products brand, BONICI, have undertaken five planned initiatives to enhance the efficiency and profitability of the brand. These initiatives focus on the growing pizza category, as 19% consumers want more pizza on the menu, per Technomic’s 2014 The Pizza Trend Report.
BONICI brands offer a complete line of Italian products, counting pepperoni and toppings, dough, crusts and chicken products.
Tyson Food Service provides expertise, insights and production capabilities and offers more than 2,500 products across six core brands — Tyson, BONICI, Wright Brand, Mexican Original, IBP Trusted Excellence and Lady Aster.
Among the five strategies, the first one aims to enhance the versatility of the traditional pizza to match the taste of modern consumers.
Lastly, Tyson Food Service suggested the brand to partner with other food service providers and food brands to optimize offerings.
Tyson Foods, Inc., together with its auxiliaries, produces, distributes, and markets chicken, beef, pork, prepared foods, and related allied products worldwide. The company breeds and raises chickens; and processes live chickens into fresh, frozen, and value-added chicken products.
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