Semler Scientific, Inc. (NASDAQ:SMLR) Short Interest Down 15.1% in January

Semler Scientific, Inc. (NASDAQ:SMLR) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totalling 1,180,000 shares, a decline of 15.1% from the December 31st total of 1,390,000 shares. Based on an average daily volume of 730,200 shares, the days-to-cover ratio is presently 1.6 days. Approximately 15.7% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital boosted their price objective on Semler Scientific from $40.00 to $71.00 and gave the company a “buy” rating in a research report on Friday, January 24th.

Hedge Funds Weigh In On Semler Scientific

A number of large investors have recently bought and sold shares of SMLR. Cerity Partners LLC raised its stake in shares of Semler Scientific by 91.5% during the 3rd quarter. Cerity Partners LLC now owns 1,345,586 shares of the company’s stock worth $31,689,000 after purchasing an additional 642,982 shares in the last quarter. Shariaportfolio Inc. bought a new stake in shares of Semler Scientific during the 3rd quarter worth approximately $3,618,000. AQR Capital Management LLC raised its stake in shares of Semler Scientific by 150.1% during the 2nd quarter. AQR Capital Management LLC now owns 140,498 shares of the company’s stock worth $4,833,000 after purchasing an additional 84,314 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Semler Scientific by 10.5% during the 3rd quarter. Geode Capital Management LLC now owns 135,959 shares of the company’s stock worth $3,202,000 after purchasing an additional 12,964 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Semler Scientific by 18.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 126,177 shares of the company’s stock worth $4,341,000 after purchasing an additional 19,552 shares in the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Semler Scientific Stock Down 2.9 %

Shares of SMLR traded down $1.50 on Monday, hitting $50.46. The company’s stock had a trading volume of 464,280 shares, compared to its average volume of 489,136. The firm’s fifty day moving average price is $59.98 and its 200-day moving average price is $41.01. Semler Scientific has a fifty-two week low of $20.88 and a fifty-two week high of $81.56. The firm has a market capitalization of $467.61 million, a price-to-earnings ratio of 24.61 and a beta of 1.18.

Semler Scientific (NASDAQ:SMLR) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.35. Semler Scientific had a return on equity of 20.31% and a net margin of 27.00%. The business had revenue of $13.51 million during the quarter.

Semler Scientific Company Profile

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company’s products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient’s vascular condition.