Short Interest in CareMax, Inc. (NASDAQ:CMAX) Expands By 5.3%

CareMax, Inc. (NASDAQ:CMAX) was the recipient of a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 231,700 shares, a growth of 5.3% from the March 15th total of 220,100 shares. Currently, 9.9% of the shares of the company are short sold. Based on an average daily trading volume, of 77,600 shares, the short-interest ratio is presently 3.0 days.

Institutional Investors Weigh In On CareMax

A number of large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD grew its position in CareMax by 2.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 89,573 shares of the company’s stock worth $45,000 after buying an additional 2,466 shares in the last quarter. Bank of New York Mellon Corp grew its position in CareMax by 14.9% during the first quarter. Bank of New York Mellon Corp now owns 27,797 shares of the company’s stock worth $208,000 after buying an additional 3,596 shares in the last quarter. Rhumbline Advisers grew its position in CareMax by 4.8% during the first quarter. Rhumbline Advisers now owns 89,921 shares of the company’s stock worth $240,000 after buying an additional 4,110 shares in the last quarter. Josh Arnold Investment Consultant LLC grew its position in CareMax by 8.7% during the first quarter. Josh Arnold Investment Consultant LLC now owns 71,310 shares of the company’s stock worth $190,000 after buying an additional 5,700 shares in the last quarter. Finally, Northern Trust Corp grew its position in CareMax by 4.2% during the first quarter. Northern Trust Corp now owns 149,118 shares of the company’s stock worth $1,114,000 after buying an additional 6,030 shares in the last quarter. Institutional investors and hedge funds own 65.94% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “hold” rating on shares of CareMax in a research note on Monday, February 26th.

CareMax Price Performance

Shares of NASDAQ CMAX opened at $2.51 on Thursday. The firm has a market cap of $9.54 million, a P/E ratio of -0.01 and a beta of 0.79. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.35. CareMax has a 1-year low of $2.48 and a 1-year high of $126.00. The business’s 50 day moving average is $5.79 and its 200-day moving average is $22.70.

CareMax (NASDAQ:CMAX) last announced its earnings results on Monday, March 18th. The company reported ($25.82) earnings per share for the quarter. The firm had revenue of $151.84 million for the quarter, compared to the consensus estimate of $191.31 million. CareMax had a negative return on equity of 35.76% and a negative net margin of 90.98%. Equities research analysts predict that CareMax will post -22 earnings per share for the current year.

CareMax Company Profile

CareMax, Inc provides care and chronic disease management services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation; and services to children and adults through Medicaid programs, as well as through commercial insurance plans.