MYX 0.00% $4.30 mayne pharma group limited

The drop in shorts from 182m to 164m seems like an error in the...

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    The drop in shorts from 182m to 164m seems like an error in the data so I won't be surprised to see it jump back up today. Reason I think it is a mistake is that there is a net short difference of 18m but volume appeared to only be 11m - so it doesn't make sense.

    In other  news :

    Generic and specialty drugmakers are among companies falling the most in today's health-care sector after earnings at Novartis' Sandoz unit were worse than expected on generic drug pricing pressures. The European drug-maker reported Sandoz sales that declined 5%, citing increased pricing pressures in the U.S., which posted a 15% drop on a constant currency basis.
    • MNK -2.8%, ENDP -2.4%, PRGO -2%, MYL -1.9%, TARO -0.9%; TEVA -0.4%
    • "The magnitude of U.S. weakness for Sandoz was surprising", RBC analyst Randall Stanicky wrote in earlier client note; cautious commentary around dermatology generics add to concerns first raised by Sun Pharma's Taro unit in May for Perrigo, which is most exposed.
    • "U.S. generic market remains challenging as pricing remains in flux, and as such, investors should maintain caution in the generics space, Wells Fargo's David Maris wrote; pricing may worsen this year "as several large books of business in the U.S. are currently being renegotiated"
    • Meanwhile, Goldman Sachs was a bit more sanguine in a note dated yesterday where analyst Jami Rubin said large-cap generics were trading at "steep discounts;" she predicts an inevitable but not imminent inflection for the sector, recommends remaining on sidelines though as timing will be hard to pin down; 2Q may show "continued weakness as deflation remains elevated".
 
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Last
$4.30
Change
0.000(0.00%)
Mkt cap ! $365.8M
Open High Low Value Volume
$4.30 $4.39 $4.23 $1.190M 275.6K

Buyers (Bids)

No. Vol. Price($)
2 1673 $4.30
 

Sellers (Offers)

Price($) Vol. No.
$4.31 598 1
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Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
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