CRH Medical Corp (NYSEAMERICAN:CRHM) was the target of a significant decrease in short interest in December. As of December 29th, there was short interest totalling 1,361,862 shares, a decrease of 4.6% from the December 15th total of 1,427,572 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average trading volume of 186,902 shares, the short-interest ratio is presently 7.3 days.

CRH Medical (NYSEAMERICAN CRHM) opened at $2.65 on Friday. CRH Medical has a one year low of $1.46 and a one year high of $9.25. The company has a market cap of $200.14, a PE ratio of 37.86 and a beta of 1.29.

CRHM has been the topic of several research reports. Morgan Stanley upgraded shares of CRH Medical from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 17th. Zacks Investment Research downgraded shares of CRH Medical from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $6.00.

Several hedge funds have recently added to or reduced their stakes in the stock. Stifel Financial Corp grew its stake in shares of CRH Medical by 7.7% in the third quarter. Stifel Financial Corp now owns 1,665,839 shares of the company’s stock valued at $4,332,000 after acquiring an additional 119,685 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of CRH Medical by 69.1% in the third quarter. JPMorgan Chase & Co. now owns 410,100 shares of the company’s stock valued at $964,000 after acquiring an additional 167,600 shares in the last quarter. TD Asset Management Inc. grew its stake in shares of CRH Medical by 65.3% in the third quarter. TD Asset Management Inc. now owns 111,054 shares of the company’s stock valued at $289,000 after acquiring an additional 43,851 shares in the last quarter. Mawer Investment Management Ltd. grew its stake in shares of CRH Medical by 25.7% in the third quarter. Mawer Investment Management Ltd. now owns 5,963,519 shares of the company’s stock valued at $15,542,000 after acquiring an additional 1,221,028 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of CRH Medical by 513.1% in the third quarter. Canada Pension Plan Investment Board now owns 736,350 shares of the company’s stock valued at $1,914,000 after acquiring an additional 616,239 shares in the last quarter.

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About CRH Medical

CRH Medical Corporation is a Canada-based healthcare products and services company. The Company focused on providing physicians with services and products for the treatment of gastrointestinal diseases. The Company also provides anesthesiology services to gastroenterologists in the United States through its subsidiaries.

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