CRH Medical Co. (NYSEAMERICAN:CRHM) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 1,331,365 shares, an increase of 11.0% from the October 13th total of 1,198,901 shares. Based on an average trading volume of 93,628 shares, the short-interest ratio is currently 14.2 days. Currently, 1.9% of the shares of the company are sold short.

Several equities analysts have weighed in on CRHM shares. Royal Bank Of Canada raised CRH Medical from a “sector perform” rating to an “outperform” rating in a report on Friday, July 21st. Scotiabank raised CRH Medical from a “sector perform” rating to a “sector outperform” rating in a report on Monday, July 24th. National Bank Financial raised CRH Medical from a “sector perform” rating to an “outperform” rating in a report on Friday, August 4th. Canaccord Genuity reduced their price objective on CRH Medical from $8.00 to $5.00 and set a “buy” rating for the company in a report on Friday, August 4th. Finally, Morgan Stanley raised CRH Medical from an “equal weight” rating to an “overweight” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. CRH Medical currently has an average rating of “Buy” and an average price target of $7.83.

Shares of CRH Medical (NYSEAMERICAN CRHM) opened at $1.85 on Friday. CRH Medical has a 12-month low of $1.46 and a 12-month high of $9.25.

Several hedge funds have recently modified their holdings of the stock. KCG Holdings Inc. raised its position in shares of CRH Medical by 40.1% in the first quarter. KCG Holdings Inc. now owns 19,486 shares of the company’s stock worth $160,000 after buying an additional 5,579 shares in the last quarter. Advisor Group Inc. raised its position in CRH Medical by 35.0% during the second quarter. Advisor Group Inc. now owns 36,177 shares of the company’s stock valued at $206,000 after purchasing an additional 9,389 shares in the last quarter. ARP Americas LLC raised its position in CRH Medical by 119.6% during the second quarter. ARP Americas LLC now owns 28,642 shares of the company’s stock valued at $163,000 after purchasing an additional 15,600 shares in the last quarter. Bank of Montreal Can raised its position in CRH Medical by 128.4% during the second quarter. Bank of Montreal Can now owns 28,700 shares of the company’s stock valued at $164,000 after purchasing an additional 16,135 shares in the last quarter. Finally, TD Asset Management Inc. raised its position in CRH Medical by 57.7% during the second quarter. TD Asset Management Inc. now owns 67,203 shares of the company’s stock valued at $382,000 after purchasing an additional 24,596 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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