DocGo Inc. (NASDAQ:DCGO) Short Interest Update

DocGo Inc. (NASDAQ:DCGO) was the recipient of a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 6,500,000 shares, a decrease of 8.8% from the October 31st total of 7,130,000 shares. Based on an average daily volume of 524,600 shares, the days-to-cover ratio is currently 12.4 days. Currently, 8.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DCGO shares. Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price objective on shares of DocGo in a research note on Thursday, August 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $5.00 price objective on shares of DocGo in a report on Friday, September 20th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, DocGo has a consensus rating of “Buy” and a consensus target price of $6.10.

Institutional Investors Weigh In On DocGo

Several institutional investors have recently bought and sold shares of the stock. Isthmus Partners LLC grew its position in shares of DocGo by 32.4% in the 2nd quarter. Isthmus Partners LLC now owns 799,296 shares of the company’s stock worth $25,000 after buying an additional 195,428 shares during the last quarter. nVerses Capital LLC raised its holdings in DocGo by 151.5% in the 2nd quarter. nVerses Capital LLC now owns 8,300 shares of the company’s stock worth $26,000 after purchasing an additional 5,000 shares in the last quarter. Gladius Capital Management LP bought a new position in DocGo in the 2nd quarter worth $34,000. Nisa Investment Advisors LLC lifted its position in shares of DocGo by 693.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 12,089 shares of the company’s stock worth $37,000 after purchasing an additional 10,565 shares during the period. Finally, Centiva Capital LP purchased a new position in shares of DocGo during the third quarter valued at about $43,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

DocGo Stock Performance

NASDAQ:DCGO traded up $0.03 during trading hours on Monday, reaching $4.36. The company’s stock had a trading volume of 418,343 shares, compared to its average volume of 990,271. The firm has a 50-day simple moving average of $3.63 and a 200-day simple moving average of $3.40. DocGo has a 1 year low of $2.75 and a 1 year high of $6.20. The firm has a market capitalization of $444.94 million, a price-to-earnings ratio of 15.50, a PEG ratio of 3.98 and a beta of 0.89.

About DocGo

DocGo Inc provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services.