Nutex Health Inc. (NASDAQ:NUTX) Short Interest Update

Nutex Health Inc. (NASDAQ:NUTX) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 60,300 shares, an increase of 19.6% from the February 28th total of 50,400 shares. Approximately 1.9% of the shares of the stock are sold short. Based on an average daily volume of 39,900 shares, the days-to-cover ratio is currently 1.5 days.

Wall Street Analysts Forecast Growth

Separately, Maxim Group lifted their price target on Nutex Health from $50.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Topline Capital Management LLC purchased a new stake in shares of Nutex Health during the fourth quarter worth $5,690,000. American Century Companies Inc. acquired a new stake in shares of Nutex Health in the 4th quarter valued at $1,362,000. Ancora Advisors LLC acquired a new stake in Nutex Health in the fourth quarter valued at $1,334,000. Drive Wealth Management LLC purchased a new position in shares of Nutex Health in the 4th quarter valued at $1,122,000. Finally, Essex Investment Management Co. LLC raised its stake in Nutex Health by 45.4% during the 4th quarter. Essex Investment Management Co. LLC now owns 105,809 shares of the company’s stock worth $3,353,000 after acquiring an additional 33,024 shares in the last quarter. Institutional investors and hedge funds own 5.32% of the company’s stock.

Nutex Health Trading Down 7.4 %

Shares of Nutex Health stock traded down $5.56 during trading hours on Thursday, hitting $69.50. The company’s stock had a trading volume of 59,434 shares, compared to its average volume of 51,856. The firm has a fifty day moving average of $53.86 and a 200-day moving average of $37.62. Nutex Health has a twelve month low of $4.16 and a twelve month high of $76.89. The company has a debt-to-equity ratio of 3.36, a quick ratio of 1.74 and a current ratio of 1.77. The stock has a market cap of $377.87 million, a price-to-earnings ratio of -7.40 and a beta of 0.01.

Nutex Health (NASDAQ:NUTX) last posted its earnings results on Monday, March 31st. The company reported $11.12 earnings per share for the quarter, beating the consensus estimate of ($0.09) by $11.21. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%. The firm had revenue of $81.30 million during the quarter, compared to the consensus estimate of $81.13 million.

About Nutex Health

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.