Here’s Why One Famous Investor Thinks EXACT Sciences Corporation Could Drop Another 60%

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Tilson has a price target of $3 and recently added to his short. According to our data, hedge funds were divided on EXACT Sciences Corporation (NASDAQ:EXAS). Hedge funds owned 9.00% of the company at the end of the second quarter, but likely made up a considerable percentage of the 27.44% of the float that is short. A total of 17 funds reported stakes worth $237.17 million in aggregate in the latest round of 13F filings, up from 16 funds and $162.3 million a quarter earlier. Samuel Isaly‘s Orbimed Advisors kept its position unchanged at 1.78 million shares, while Roberto Mignone’s Bridger Management established a new stake of 1.54 million shares. Drew Cupps’ Cupps Capital Management decreased its holding by 18% to 1.04 million shares.

Disclosure: None

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