Nutex Health Inc. (NASDAQ:NUTX) Short Interest Up 19.6% in March

Nutex Health Inc. (NASDAQ:NUTX) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 60,300 shares, an increase of 19.6% from the February 28th total of 50,400 shares. Currently, 1.9% of the company’s stock are sold short. Based on an average daily volume of 39,900 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On Nutex Health

A number of hedge funds have recently bought and sold shares of NUTX. Bank of America Corp DE lifted its position in shares of Nutex Health by 6,590.3% during the fourth quarter. Bank of America Corp DE now owns 2,074 shares of the company’s stock valued at $66,000 after purchasing an additional 2,043 shares in the last quarter. Beaird Harris Wealth Management LLC purchased a new position in shares of Nutex Health in the 3rd quarter worth approximately $69,000. Northern Trust Corp purchased a new position in shares of Nutex Health in the 4th quarter worth approximately $200,000. Baader Bank Aktiengesellschaft bought a new position in shares of Nutex Health in the fourth quarter valued at approximately $206,000. Finally, Millennium Management LLC purchased a new stake in shares of Nutex Health during the fourth quarter valued at approximately $213,000. 5.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Maxim Group boosted their price target on shares of Nutex Health from $50.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, February 13th.

Nutex Health Stock Up 5.1 %

NASDAQ NUTX traded up $3.66 during trading hours on Wednesday, hitting $75.06. The company’s stock had a trading volume of 174,862 shares, compared to its average volume of 51,639. The company has a market capitalization of $408.10 million, a PE ratio of -8.00 and a beta of 0.01. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 3.36. Nutex Health has a 52 week low of $4.16 and a 52 week high of $76.57. The company’s 50-day simple moving average is $53.12 and its two-hundred day simple moving average is $37.35.

Nutex Health (NASDAQ:NUTX) last posted its earnings results on Monday, March 31st. The company reported $11.12 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $11.21. Nutex Health had a negative return on equity of 51.27% and a negative net margin of 14.09%. The company had revenue of $81.30 million for the quarter, compared to analyst estimates of $81.13 million.

About Nutex Health

Nutex Health Inc operates as a physician-led, healthcare services, and operations company. It operates through three segments: Hospital, Population Health Management (PHM), and Real Estate. The PHM segment establishes and operates independent physician associations; and offers a cloud-based platform for healthcare organizations to provide value-based care and population health management.