<div id="readability-page-1"><p>Codexis, Inc. (NASDAQ:CDXS - Get Free Report) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 9,161,843 shares,  a growth of 26.2% from the February 12th total of 7,258,793 shares. Approximately 10.3% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,071,941 shares, the days-to-cover ratio is presently 8.5 days. Based on an average daily trading volume, of 1,071,941 shares, the days-to-cover ratio is presently 8.5 days. Approximately 10.3% of the shares of the stock are sold short.</p><h2>Analyst Upgrades and Downgrades</h2><p>A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Codexis from a &#34;strong sell&#34; rating to a &#34;hold&#34; rating in a research note on Saturday. Stifel Nicolaus  set a $5.00 price objective on Codexis in a research note on Thursday. Weiss Ratings  reissued a &#34;sell (e+)&#34; rating on shares of Codexis in a report on Wednesday, January 21st. Finally, Cantor Fitzgerald  restated an &#34;overweight&#34; rating on shares of Codexis in a research report on Thursday. One equities research analyst  has rated the stock with a Buy rating and one  has given a Sell rating to the company's stock. According to MarketBeat, the company  has an average rating of &#34;Hold&#34; and an average price target of $5.00.</p><p><b>Get Our Latest Stock Report on Codexis</b></p><h2>Codexis Trading Down 5.8%</h2><p>CDXS opened at $1.61 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 4.12 and a quick ratio of 4.02. The company's 50 day simple moving average is $1.38 and its two-hundred day simple moving average is $1.88. Codexis has a 1-year low of $0.96 and a 1-year high of $3.87. The firm has a market capitalization of $145.42 million, a price-to-earnings ratio of -3.10 and a beta of 2.49. </p><p>Codexis (NASDAQ:CDXS - Get Free Report) last posted its quarterly earnings results on Wednesday, March 11th. The biotechnology company reported $0.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.10. Codexis had a negative return on equity of 91.74% and a negative net margin of 62.47%.The business had revenue of $38.92 million during the quarter, compared to analyst estimates of $35.83 million.  Analysts expect that  Codexis will post -0.77 EPS for the current fiscal year. </p><h2>Institutional Inflows and Outflows</h2><p>Several institutional investors have recently modified their holdings of CDXS. Assenagon Asset Management S.A. grew its holdings in shares of  Codexis by 1.9% in the third quarter. Assenagon Asset Management S.A. now owns 233,953 shares of the biotechnology company's stock valued at $571,000 after purchasing an additional 4,256 shares during the period.  Bridgeway Capital Management LLC increased its position in  Codexis by 6.7% during the second quarter. Bridgeway Capital Management LLC now owns 100,908 shares of the biotechnology company's stock worth $246,000 after purchasing an additional 6,300 shares during the last quarter.  Brevan Howard Capital Management LP raised its stake in  Codexis by 16.0% during the third quarter. Brevan Howard Capital Management LP now owns 48,734 shares of the biotechnology company's stock worth $119,000 after purchasing an additional 6,705 shares during the period.  BNP Paribas Financial Markets boosted its holdings in  Codexis by 93.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 16,608 shares of the biotechnology company's stock valued at $41,000 after purchasing an additional 8,038 shares during the last quarter.  Finally, Victory Capital Management Inc. acquired a new position in  Codexis in the 3rd quarter valued at about $25,000. Hedge funds and other institutional investors own  78.54% of the company's stock. </p><h2>Codexis Company Profile</h2> (Get Free Report)<p>Codexis, Inc, headquartered in Redwood City, California, is a leading protein engineering company focused on the development of innovative enzyme solutions for pharmaceutical, food and beverage, and specialty chemical applications. The company's proprietary directed evolution platform, CodeEvolver®, enables the rapid identification and optimization of enzymes with enhanced activity, selectivity and stability. By leveraging this technology, Codexis provides custom biocatalysts designed to improve manufacturing efficiency and reduce environmental impact.  </p><p>Since its founding in 2002, Codexis has expanded its capabilities from early-stage research to commercial-scale production.</p><h2>Recommended Stories</h2><ul><li>Five stocks we like better than Codexis</li><li>The gold chart Wall Street is terrified of…</li><li>Elon Musk already made me a “wealthy man”</li><li>Silver paying 20% dividend. Plus 68% share gains</li><li>Unlocked: Elon Musk’s Next Big IPO</li><li>A personal warning from Martin Weiss (Please read)</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Codexis Right Now?</h2><p>Before you consider Codexis, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Codexis wasn't on the list.</p><p>While Codexis currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

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<p>Codexis, Inc. (NASDAQ:CDXS) experienced a 26.2% increase in short interest in February, totaling 9,161,843 shares. Currently, 10.3% of its shares are short sold, with a days-to-cover ratio of 8.5 days based on an average daily volume of 1,071,941 shares. Analysts have mixed ratings, with an average price target of $5.00. The company reported $0.11 EPS for the last quarter, exceeding estimates, and had revenue of $38.92 million. Institutional investors hold 78.54% of the stock, indicating strong institutional interest.</p>

Short Interest in Codexis, Inc. (NASDAQ:CDXS) Grows By 26.2%