Nutex Health Inc. (NASDAQ:NUTX) Sees Large Growth in Short Interest

Nutex Health Inc. (NASDAQ:NUTX) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 53,000 shares, a growth of 18.8% from the November 30th total of 44,600 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily trading volume, of 55,100 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Beaird Harris Wealth Management LLC bought a new stake in shares of Nutex Health in the 3rd quarter valued at about $69,000. International Assets Investment Management LLC acquired a new stake in shares of Nutex Health during the 3rd quarter worth approximately $188,000. State Street Corp bought a new stake in shares of Nutex Health in the 3rd quarter valued at $225,000. Thompson Davis & CO. Inc. bought a new stake in shares of Nutex Health in the 3rd quarter valued at $494,000. Finally, Essex Investment Management Co. LLC acquired a new position in shares of Nutex Health during the 3rd quarter valued at $1,579,000. Institutional investors own 5.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on NUTX shares. Maxim Group increased their price target on shares of Nutex Health from $45.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Benchmark upped their target price on Nutex Health from $45.00 to $60.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th.

Nutex Health Stock Performance

NASDAQ NUTX traded up $0.62 during trading on Tuesday, reaching $31.69. The company’s stock had a trading volume of 42,809 shares, compared to its average volume of 42,490. The firm has a 50 day moving average price of $31.11 and a 200 day moving average price of $20.41. Nutex Health has a 12 month low of $4.16 and a 12 month high of $41.44. The firm has a market capitalization of $172.30 million, a price-to-earnings ratio of -3.38 and a beta of 0.12. 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 Company Profile

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.