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After gaining 69% in single trading day, Omeros stock gives back some gains

Jul. 05, 2022 1:27 PM ETOmeros Corporation (OMER) StockBy: Jonathan Block, SA News Editor11 Comments

Stock Market Rollercoaster

DNY59/iStock via Getty Images

  • On July 1, the trading day before the Independence Day holiday weekend, Omeros Corp. shares closed up ~69%. On Monday afternoon, they are down ~29%.
  • Volume is also higher than normal. Average daily volume is ~1.4M shares. As of 120p, ~3.3m

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Comments (11)

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vitullijoe profile picture
was yesterday's quarterly report just more of the same old stuff or is their some hope here
skoenig613 profile picture
Since last week OMER stock has acted very stable and inched higher today .
@skoenig613 Oh please... the entire small cap biotech sector has bounced. I love how people surmise that OMER's price action is unique.
vitullijoe profile picture
Isn't there a rather large short interest in OMER that would have to cover quickly if, dreaming here, there some serious positive news?
skoenig613 profile picture
Looks stronger at pre opening. . If it goes over $4.25 watch out shorts will scramble to cover
pro8 profile picture
Not sure how OOI can put highly speculative, value proposition in the same sentence... that is a rather large oxymoron...
skoenig613 profile picture
Hi thanks for your comment . Could u elaborate?
Just stating memes may have speculative reason to run against the shorts - like Friday .
Not touting value but memes have reasons ( speculative) to run the stock against the ahorts. Let’s see what happens ?
skoenig613 profile picture
@pro8 oOI love the stock for a long time
skoenig613 profile picture
Perhaps u did not see the NASD report on Friday that listed OMER
As “ one of the highest ‘fail to deliver stocks on The. NASD”.
These naked shorts sales got buy ins . Hence - the huge volume on Friday. Also the meme investors saw it as a run candidate .
The memes may move again -
1- Narsoplimab May be a good candidate for SEVERE COVID .
2- OMIDRA sales excellent and legislation may make trigger the $200 million payment to OMEROS
3- FDA and MGT May come to compromise regarding Narsoplimab
4- management May make a deal immeadiately after Narsoplimab approval ( if it
Happens )
5- MEMES run the stock against the large SHORT POSITIONS.
Classic short squeeze. As of 06/16 >22% of the outstanding was short. Today's drop is evidence of the shorts spreading the pain.
pro8 profile picture
@rbrtfuchs Looks like a longs have really been hammering the shorts spreading the pain to the shorts.... we have more than doubled since the shorts spread their pain...

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