Is Intec Pharma Ltd (NTEC) Going to Burn These Hedge Funds?

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Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as Intec Pharma Ltd (NASDAQ:NTEC) but similarly valued. We will take a look at Harvest Natural Resources, Inc. (NYSE:HNR), TheStreet, Inc. (NASDAQ:TST), GigOptix Inc (NYSEAMEX:GIG), and Lombard Medical Inc (NASDAQ:EVAR). This group of stocks’ market values match NTEC’s market value.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
HNR 7 5239 -3
TST 7 15625 0
GIG 7 8561 2
EVAR 4 4534 0

As you can see these stocks had an average of 6 hedge funds with bullish positions and the average amount invested in these stocks was $8 million. That figure was $14 million in NTEC’s case. Harvest Natural Resources, Inc. (NYSE:HNR) is the most popular stock in this table. On the other hand Lombard Medical Inc (NASDAQ:EVAR) is the least popular one with only 4 bullish hedge fund positions. Intec Pharma Ltd (NASDAQ:NTEC) is not the least popular stock in this group, but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard HNR might be a better candidate to consider a long position.

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