CRH Medical Corp (CRHM) Sees Significant Decline in Short Interest
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.
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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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