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

by · The Markets Daily

Nutex Health Inc. (NASDAQ:NUTX – Get Free Report) was the recipient of a large increase in short interest in December. As of December 15th, there was short interest totalling 53,000 shares, an increase of 18.8% from the November 30th total of 44,600 shares. Based on an average daily volume of 55,100 shares, the days-to-cover ratio is currently 1.0 days. Approximately 1.6% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Benchmark boosted their price objective on Nutex Health from $45.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Maxim Group boosted their price target on shares of Nutex Health from $45.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th.

Read Our Latest Analysis on Nutex Health

Nutex Health Price Performance

NASDAQ:NUTX traded up $0.62 during trading hours on Tuesday, reaching $31.69. 42,809 shares of the company’s stock were exchanged, compared to its average volume of 42,490. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 3.36. The company has a market capitalization of $172.30 million, a P/E ratio of -3.38 and a beta of 0.12. Nutex Health has a 12 month low of $4.16 and a 12 month high of $41.44. The business’s 50-day simple moving average is $31.11 and its two-hundred day simple moving average is $20.41.

Institutional Investors Weigh In On Nutex Health

Large investors have recently modified their holdings of the stock. Beaird Harris Wealth Management LLC acquired a new position in shares of Nutex Health in the 3rd quarter valued at $69,000. International Assets Investment Management LLC acquired a new position in shares of Nutex Health in the third quarter worth about $188,000. State Street Corp purchased a new position in shares of Nutex Health in the third quarter worth approximately $225,000. Thompson Davis & CO. Inc. acquired a new stake in shares of Nutex Health during the third quarter valued at approximately $494,000. Finally, Essex Investment Management Co. LLC purchased a new stake in shares of Nutex Health in the 3rd quarter valued at approximately $1,579,000. 5.32% of the stock is owned by institutional investors.

Nutex Health Company Profile

(Get Free Report)

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.

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