In the latest trading session, 8.83 million Cumberland Pharmaceuticals Inc (NASDAQ:CPIX) shares changed hands as the company’s beta touched 0.03. With the company’s most recent per share price at $2.38 changing hands around $0.25 or 11.77% at last look, the market valuation stands at $33.43M. CPIX’s current price is a discount, trading about -65.13% off its 52-week high of $3.93. The share price had its 52-week low at $1.04, which suggests the last value was 56.3% up since then. When we look at Cumberland Pharmaceuticals Inc’s average trading volume, we note the 10-day average is 31310.0 shares, with the 3-month average coming to 2.01 million.
Cumberland Pharmaceuticals Inc (NASDAQ:CPIX) trade information
Instantly CPIX is in green as seen in intraday trades today. With action 0.88%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 0.45%, with the 5-day performance at 0.88% in the green. However, in the 30-day time frame, Cumberland Pharmaceuticals Inc (NASDAQ:CPIX) is 6.76% up. Looking at the short shares, we see there were 0.44 million shares sold at short interest cover period of 0.82 days.
Cumberland Pharmaceuticals Inc (NASDAQ:CPIX)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 44.15% of Cumberland Pharmaceuticals Inc shares while 14.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 26.26%. There are 14.67% institutions holding the Cumberland Pharmaceuticals Inc stock share, with RENAISSANCE TECHNOLOGIES LLC the top institutional holder. As of 2024-06-30, the company held 3.8173% of the shares, roughly 0.54 million CPIX shares worth $0.82 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 2.6546% or 0.37 million shares worth $0.57 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Vanguard Total Stock Market Index Fund and Bridgeway Funds Inc-Ultra Small Company Fund. With 280.82 shares estimated at $0.65 million under it, the former controlled 2.00% of total outstanding shares. On the other hand, Bridgeway Funds Inc-Ultra Small Company Fund held about 1.66% of the shares, roughly 233.07 shares worth around $0.54 million.
