TruBridge, Inc. (NASDAQ:TBRG) Sees Significant Increase in Short Interest

TruBridge, Inc. (NASDAQ:TBRG) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 339,000 shares, an increase of 14.4% from the January 15th total of 296,200 shares. Based on an average daily trading volume, of 89,700 shares, the short-interest ratio is currently 3.8 days. Currently, 2.4% of the shares of the company are short sold.

TruBridge Price Performance

Shares of TruBridge stock opened at $28.17 on Friday. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 1.00. The stock’s fifty day moving average is $21.84 and its 200 day moving average is $16.27. TruBridge has a one year low of $7.55 and a one year high of $28.58.

Insider Transactions at TruBridge

In other news, Director Mark V. Anquillare purchased 2,500 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were purchased at an average cost of $16.81 per share, for a total transaction of $42,025.00. Following the purchase, the director now directly owns 17,178 shares in the company, valued at approximately $288,762.18. This represents a 17.03 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 3.60% of the company’s stock.

Institutional Investors Weigh In On TruBridge

Institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in TruBridge by 47.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,170 shares of the company’s stock valued at $43,000 after acquiring an additional 699 shares during the period. GAMMA Investing LLC bought a new stake in TruBridge during the third quarter valued at about $26,000. Covestor Ltd bought a new stake in TruBridge during the third quarter valued at about $28,000. First Horizon Advisors Inc. bought a new stake in TruBridge during the third quarter valued at about $33,000. Finally, AlphaQuest LLC bought a new stake in TruBridge during the fourth quarter valued at about $66,000. 88.64% of the stock is owned by institutional investors.

Analyst Ratings Changes

TBRG has been the topic of a number of recent research reports. Barclays raised their target price on TruBridge from $10.00 to $14.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Stephens raised their target price on TruBridge from $13.00 to $17.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 20th.

TruBridge Company Profile

TruBridge, Inc provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence.