Short Interest in Optimi Health Corp. (NASDAQ:OPTH) Grows By 274.0%

Optimi Health Corp. (NASDAQ:OPTH) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 31,985 shares, an increase of 274.0% from the May 14th total of 8,552 shares. Based on an average daily volume of 376,567 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.6% of the shares of the stock are sold short.

Optimi Health Trading Up 12.1%

Shares of OPTH stock traded up $0.49 on Friday, reaching $4.55. The company’s stock had a trading volume of 264,018 shares, compared to its average volume of 199,176. Optimi Health has a 12-month low of $4.00 and a 12-month high of $6.40.

Optimi Health (NASDAQ:OPTH) last issued its quarterly earnings data on Monday, June 1st. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.01). The company had revenue of $0.07 million during the quarter.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Weiss Ratings assumed coverage on Optimi Health in a research report on Thursday, May 21st. They issued a “sell (d-)” rating on the stock. Zacks Research upgraded Optimi Health to a “hold” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.