The company is currently valued at around $396m. It has $83m cash in hand with 0 debt. The float is low at 37m shares. 28% of the float is owned by insiders. Interestingly, a high percentage of the float, currently around 10% is short. This bodes well for a short squeeze that can take the stock to new highs. There hasn't been any major selling from insiders which is bullish going forward.
I expect big things for TSRX into 2013 and 2014. I expect that TSRX will file for an NDA (New Drug Application) shortly and possibly a partnership in the coming months. Some bulls keep calling for a buyout. The trend in the stock is up. We own January 2014 calls and will be adding to our position over new highs.
Source: Bullish Stock For 2013: Trius Therapeutics