What Do Hedge Funds Think of Enzon Pharmaceuticals, Inc. (ENZN)?

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Let’s now take a look at hedge fund activity in other stocks – not necessarily in the same industry as Enzon Pharmaceuticals, Inc. (NASDAQ:ENZN) but similarly valued. We will take a look at Vical Incorporated (NASDAQ:VICL), Intersections Inc. (NASDAQ:INTX), Christopher & Banks Corporation (NYSE:CBK), and Cinedigm Digital Cinema Corp (NASDAQ:CIDM). This group of stocks’ market caps are similar to ENZN’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
VICL 6 5037 -2
INTX 6 12350 -1
CBK 6 2533 -5
CIDM 8 2168 -4

As you can see these stocks had an average of 6.5 hedge funds with bullish positions and the average amount invested in these stocks was $6 million. That figure was $9 million in ENZN’s case. Cinedigm Digital Cinema Corp (NASDAQ:CIDM) is the most popular stock in this table. On the other hand Vical Incorporated (NASDAQ:VICL) is the least popular one with only 6 bullish hedge fund positions. Enzon Pharmaceuticals, Inc. (NASDAQ:ENZN) is not the most popular stock in this group but hedge fund interest is still above average. This is a slightly positive signal but we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CIDM might be a better candidate to consider a long position.

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