Short Interest in CareMax, Inc. (NASDAQ:CMAX) Decreases By 10.2%

CareMax, Inc. (NASDAQ:CMAXGet Free Report) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 220,100 shares, a drop of 10.2% from the February 29th total of 245,200 shares. Based on an average trading volume of 73,300 shares, the days-to-cover ratio is presently 3.0 days. Currently, 9.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on CMAX

Hedge Funds Weigh In On CareMax

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Ensign Peak Advisors Inc acquired a new stake in shares of CareMax during the 3rd quarter valued at approximately $50,000. UBS Group AG acquired a new stake in shares of CareMax in the second quarter valued at $32,000. Citigroup Inc. acquired a new stake in shares of CareMax in the first quarter valued at $98,000. Cubist Systematic Strategies LLC acquired a new stake in shares of CareMax in the first quarter valued at $39,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of CareMax during the third quarter valued at $104,000. 65.94% of the stock is owned by institutional investors and hedge funds.

CareMax Trading Down 6.1 %

Shares of NASDAQ:CMAX traded down $0.30 during trading on Tuesday, reaching $4.62. 95,948 shares of the stock were exchanged, compared to its average volume of 77,497. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.42 and a current ratio of 0.42. CareMax has a 12-month low of $3.72 and a 12-month high of $126.00. The firm has a market cap of $17.56 million, a price-to-earnings ratio of -0.03 and a beta of 0.79. The firm’s 50-day moving average price is $7.35 and its 200 day moving average price is $27.53.

About CareMax

(Get Free Report)

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.

Further Reading

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