Nutex Health Inc. (NASDAQ:NUTX – Get Rating) was the target of a significant increase in short interest in the month of December. As of December 30th, there was short interest totalling 6,910,000 shares, an increase of 137.5% from the December 15th total of 2,910,000 shares. Based on an average trading volume of 3,920,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 2.2% of the shares of the company are short sold.
Nutex Health Stock Performance
Shares of Nutex Health stock traded up $0.08 on Wednesday, reaching $1.58. 1,342,068 shares of the stock were exchanged, compared to its average volume of 1,095,961. Nutex Health has a 1-year low of $0.50 and a 1-year high of $52.80. The company has a current ratio of 2.45, a quick ratio of 2.38 and a debt-to-equity ratio of 1.73. The business has a fifty day moving average price of $1.66 and a two-hundred day moving average price of $2.03.
Get Nutex Health alerts:Nutex Health (NASDAQ:NUTX – Get Rating) last issued its earnings results on Monday, November 21st. The company reported ($0.02) earnings per share for the quarter. The business had revenue of $28.40 million for the quarter.
Analysts Set New Price Targets
Separately, Benchmark began coverage on shares of Nutex Health in a research note on Friday, December 23rd. They set a "buy" rating and a $3.00 price target on the stock.Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio acquired a new position in Nutex Health during the second quarter worth about $29,000. Cetera Investment Advisers acquired a new position in Nutex Health during the second quarter worth about $32,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Nutex Health during the second quarter worth about $36,000. Apollon Wealth Management LLC acquired a new position in Nutex Health during the second quarter worth about $49,000. Finally, Verition Fund Management LLC acquired a new position in Nutex Health during the second quarter worth about $52,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.
About Nutex Health
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Nutex Health, Inc operates as a technology-enabled healthcare services company. It operates through two divisions: Hospital division and Population Health Management division. The Hospital division implements and operates health care models, including micro-hospitals, specialty hospitals, and hospital outpatient departments.
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