Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Sees Large Growth in Short Interest

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) was the target of a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 1,180,000 shares, a growth of 6.3% from the November 15th total of 1,110,000 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily volume of 311,600 shares, the days-to-cover ratio is presently 3.8 days.

Hedge Funds Weigh In On Aveanna Healthcare

Large investors have recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new stake in Aveanna Healthcare in the 3rd quarter worth about $69,000. XTX Topco Ltd bought a new stake in Aveanna Healthcare in the 3rd quarter worth approximately $92,000. Virtu Financial LLC bought a new stake in Aveanna Healthcare in the third quarter valued at approximately $99,000. SG Americas Securities LLC bought a new stake in Aveanna Healthcare in the third quarter valued at approximately $101,000. Finally, Mackenzie Financial Corp increased its stake in shares of Aveanna Healthcare by 35.9% during the second quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock valued at $126,000 after buying an additional 12,075 shares during the period. 87.96% of the stock is currently owned by institutional investors.

Aveanna Healthcare Stock Down 0.8 %

Shares of AVAH stock traded down $0.04 on Tuesday, reaching $4.93. The company had a trading volume of 18,750 shares, compared to its average volume of 199,387. The stock has a market capitalization of $952.60 million, a PE ratio of -14.62 and a beta of 2.20. Aveanna Healthcare has a one year low of $2.00 and a one year high of $6.19. The business’s 50-day moving average is $5.29 and its 200 day moving average is $4.50.

Aveanna Healthcare (NASDAQ:AVAH) last released its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $509.02 million for the quarter, compared to analyst estimates of $495.80 million. During the same period in the prior year, the company posted ($0.05) EPS. On average, sell-side analysts forecast that Aveanna Healthcare will post -0.08 earnings per share for the current fiscal year.

About Aveanna Healthcare

Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides pediatric and adult healthcare services in the United States. Its patient-centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals or skilled nursing facilities.