CareMax, Inc. (NASDAQ:CMAX) Sees Large Increase in Short Interest

CareMax, Inc. (NASDAQ:CMAX) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 523,800 shares, a growth of 142.7% from the July 15th total of 215,800 shares. Based on an average trading volume of 2,870,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 22.3% of the shares of the stock are sold short.

CareMax Price Performance

NASDAQ:CMAX traded up $0.10 during mid-day trading on Thursday, hitting $3.46. 85,171 shares of the stock traded hands, compared to its average volume of 1,233,789. The business’s 50-day moving average price is $3.36 and its 200 day moving average price is $4.42. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.09. The company has a market cap of $13.16 million, a PE ratio of -0.02 and a beta of 0.81. CareMax has a 12-month low of $1.55 and a 12-month high of $85.20.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of CMAX. Mirae Asset Global Investments Co. Ltd. bought a new stake in CareMax during the first quarter valued at $130,000. CastleKnight Management LP increased its stake in CareMax by 193.0% in the 4th quarter. CastleKnight Management LP now owns 374,700 shares of the company’s stock worth $187,000 after acquiring an additional 246,800 shares during the last quarter. Finally, Eminence Capital LP boosted its position in shares of CareMax by 5.5% during the 4th quarter. Eminence Capital LP now owns 10,424,657 shares of the company’s stock valued at $5,194,000 after acquiring an additional 539,544 shares during the last quarter. 65.94% of the stock is owned by institutional investors.

About CareMax

CareMax, Inc provides care and chronic disease management services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation; and services to children and adults through Medicaid programs, as well as through commercial insurance plans.