Bluefin Trading Has Lifted Vale S A (VALE) Stake By $2.41 Million; INNOVATION PHARMACEUTICALS (IPIX) Sellers Decreased By 0.22% Their Shorts

April 17, 2018 - By Peter Erickson

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Bluefin Trading Llc increased Vale S A (VALE) stake by 111.98% reported in 2017Q4 SEC filing. Bluefin Trading Llc acquired 200,550 shares as Vale S A (VALE)’s stock rose 3.76%. The Bluefin Trading Llc holds 379,650 shares with $4.64 million value, up from 179,100 last quarter. Vale S A now has $72.88B valuation. The stock increased 3.54% or $0.46 during the last trading session, reaching $13.44. About 18.10M shares traded. Vale S.A. (NYSE:VALE) has risen 38.24% since April 17, 2017 and is uptrending. It has outperformed by 26.69% the S&P500.

INNOVATION PHARMACEUTICALS INC (OTCMKTS:IPIX) had a decrease of 0.22% in short interest. IPIX’s SI was 1.11M shares in April as released by FINRA. Its down 0.22% from 1.11M shares previously. With 328,300 avg volume, 3 days are for INNOVATION PHARMACEUTICALS INC (OTCMKTS:IPIX)’s short sellers to cover IPIX’s short positions. The SI to INNOVATION PHARMACEUTICALS INC’s float is 1.04%. The stock decreased 4.00% or $0.02 during the last trading session, reaching $0.48. About 182,658 shares traded. Innovation Pharmaceuticals Inc. (OTCMKTS:IPIX) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Bluefin Trading Llc decreased Capitol Invt Corp Iv stake by 300,000 shares to 68,978 valued at $690,000 in 2017Q4. It also reduced Fortuna Silver Mines Inc (NYSE:FSM) stake by 124,006 shares and now owns 154,354 shares. Ishares Inc (EWZ) was reduced too.

Among 27 analysts covering Vale S.A. (NYSE:VALE), 15 have Buy rating, 1 Sell and 11 Hold. Therefore 56% are positive. Vale S.A. had 78 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Wednesday, June 28 by RBC Capital Markets. The rating was downgraded by HSBC on Wednesday, January 20 to “Hold”. The firm has “Buy” rating given on Friday, July 28 by CFRA. Barclays Capital upgraded the shares of VALE in report on Monday, January 9 to “Overweight” rating. The company was maintained on Tuesday, October 20 by Stifel Nicolaus. RBC Capital Markets maintained it with “Hold” rating and $11.0 target in Monday, November 13 report. RBC Capital Markets maintained it with “Hold” rating and $1100 target in Friday, July 28 report. As per Tuesday, August 9, the company rating was upgraded by Morgan Stanley. Cowen & Co maintained it with “Market Perform” rating and $3 target in Friday, November 20 report. Jefferies maintained the stock with “Hold” rating in Thursday, February 15 report.

Innovation Pharmaceuticals Inc., a clinical stage biopharmaceutical company, develops small molecule therapies to treat cancer, antibiotics, and inflammatory disease. The company has market cap of $70.53 million. The firm focuses on the development of compounds, including Prurisol, an anti-psoriasis drug candidate that is in Phase II clinical trial; Brilacidin, an antibiotic candidate for the treatment of acute bacterial skin and skin structure infection, oral mucositis, and inflammatory bowel disease, and ulcerative proctitis; and Kevetrin, an anti-cancer compound that has completed Phase I clinical trial. It currently has negative earnings. In addition, the firm owns compounds, such as KM 391 for the treatment of autism; KM 277 to treat arthritis; KM 278 for the treatment of asthma; KM 362 to treat MS/ALS/ParkinsonÂ’s disease; KM-3174 for the treatment of cancer; and KM-732 for hypertensive emergency.

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