CorVel Co. (NASDAQ:CRVL) Short Interest Up 6.6% in November

CorVel Co. (NASDAQ:CRVL) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 388,300 shares, an increase of 6.6% from the October 31st total of 364,400 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 36,700 shares, the days-to-cover ratio is currently 10.6 days.

Analysts Set New Price Targets

Separately, StockNews.com cut CorVel from a “buy” rating to a “hold” rating in a research report on Saturday, August 31st.

CorVel Stock Down 0.5 %

NASDAQ CRVL opened at $363.54 on Tuesday. The stock has a market capitalization of $6.23 billion, a PE ratio of 77.18 and a beta of 1.14. CorVel has a 52 week low of $212.70 and a 52 week high of $381.73. The firm has a 50 day moving average of $329.98 and a two-hundred day moving average of $298.99.

Hedge Funds Weigh In On CorVel

Several hedge funds and other institutional investors have recently bought and sold shares of CRVL. Blue Trust Inc. raised its holdings in shares of CorVel by 435.3% in the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock worth $30,000 after purchasing an additional 74 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of CorVel by 98.0% in the second quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock worth $25,000 after acquiring an additional 48 shares during the period. Advisors Asset Management Inc. grew its stake in shares of CorVel by 121.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider’s stock worth $67,000 after acquiring an additional 112 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of CorVel in the 3rd quarter valued at about $88,000. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in shares of CorVel during the third quarter valued at about $102,000. 51.36% of the stock is owned by institutional investors and hedge funds.

CorVel Company Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.