On Thursday, Opko Health Inc. (NYSE:OPK)’s shares inclined 1.18% to $15.43.
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.
Quiksilver, Inc. (NYSE:ZQK)’s shares dropped -9.30% to $0.599.
Quiksilver, Inc. (ZQK) and certain of its domestic and foreign auxiliaries reached a second amendment (the “ABL Credit Agreement Amendment”) to the Company’s existing amended and restated credit agreement, originally dated as of May 24, 2013, with, among others, the lenders named therein and Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer. The ABL Credit Agreement Amendment modified the definition of “Change of Control” to provide that where a majority of the members of the incumbent board approves new directors as a result of an actual or threatened proxy contest it will not qualify as a change of control.
Quiksilver, Inc. designs, develops, and distributes branded apparel, footwear, accessories, and related products primarily for men, women, and children. The company provides its products for various activities, counting casual and outdoor lifestyle associated with surfing, skateboarding, snowboarding, BMX and motocross, rally car, and other activities.
At the end of Thursday’s trade, Manulife Financial Corporation (USA) (NYSE:MFC)‘s shares surged 0.41% to $19.44.
Manulife Financial Corporation (USA) (MFC) said that Michael Reid has been promoted to a newly created role of Senior Strategist, Pension Solutions, within the firm’s Investment Solutions Team, effective June 15. In this position, Mr. Reid is responsible for working directly with Canadian plan sponsors to develop custom investment and risk administration strategies. Based in Toronto, Mr. Reid reports to Eric Menzer, Global Head of Pension and Risk Administration Solutions.
Manulife Asset Administration’s Investment Solutions Team is responsible for delivering investment advisory and fiduciary administration services for individual and institutional investors globally. This highly practiced team is focused on building custom investment solutions and providing delegated services counting Liability Driven Investing and Outsourced CIO offerings. The team is also responsible for Manulife’s internal defined benefit pension plans in both the U.S and Canada.
Manulife Financial Corporation, together with its auxiliaries, provides financial protection and wealth administration products and services to individual, corporate, and business customers primarily in Asia, Canada, and the United States. It offers various individual life and health insurance, and individual and group long-term care insurance products through insurance agents, brokers, banks, financial planners, and direct marketing.
Deere & Company (NYSE:DE), ended its Thursday’s trading session showed no change, and closed at $94.00.
Deere & Company (DE) Board of Directors declared a regular quarterly dividend of $.60 per share on common stock, payable August 3, 2015, to stockholders of record on June 30, 2015.
Deere & Company, together with its auxiliaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company’s Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, counting large, medium, and utility tractors; loaders; combines, corn pickers, cotton and sugarcane harvesters, and related front-end equipment and sugarcane loaders; and tillage, seeding, and application equipment, counting sprayers, nutrient administration, and soil preparation machinery.
Total SA (ADR) (NYSE:TOT)’s shares decreased -0.47% to $51.79.
Total SA (ADR) (TOT) has signed a contract to sell its 16.67% interest in the Schwedt refinery in northeastern Germany (Brandenburg) to Rosneft, which already holds indirectly an 18.75% stake in the facility. The transaction is valued at $300 million not taking into account working capital and remains subject to customary approvals.
OTAL S.A. operates as an oil and gas company worldwide. The company operates through three segments: Upstream, Refining & Chemicals, and Marketing & Services. The Upstream segment explores and produces oil and gas; ships, trades, and markets natural gas, liquefied natural gas, and liquefied petroleum gas (LPG); generates power; and mines and markets coal.
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