Addus HomeCare Corporation (NASDAQ:ADUS) Short Interest Up 20.1% in January

Addus HomeCare Corporation (NASDAQ:ADUS) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 929,786 shares, an increase of 20.1% from the January 15th total of 774,495 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average daily volume of 224,285 shares, the short-interest ratio is presently 4.1 days. Based on an average daily volume of 224,285 shares, the short-interest ratio is presently 4.1 days. Approximately 5.3% of the shares of the stock are short sold.

Institutional Trading of Addus HomeCare

Large investors have recently modified their holdings of the business. Global Retirement Partners LLC increased its holdings in Addus HomeCare by 395.7% during the 4th quarter. Global Retirement Partners LLC now owns 233 shares of the company’s stock valued at $25,000 after purchasing an additional 186 shares during the period. Larson Financial Group LLC increased its stake in shares of Addus HomeCare by 133.3% during the third quarter. Larson Financial Group LLC now owns 238 shares of the company’s stock valued at $28,000 after buying an additional 136 shares during the period. Acumen Wealth Advisors LLC bought a new position in shares of Addus HomeCare during the fourth quarter valued at approximately $29,000. Arax Advisory Partners raised its holdings in Addus HomeCare by 95.8% in the 4th quarter. Arax Advisory Partners now owns 280 shares of the company’s stock worth $30,000 after purchasing an additional 137 shares in the last quarter. Finally, Private Trust Co. NA lifted its position in shares of Addus HomeCare by 65.5% in the 4th quarter. Private Trust Co. NA now owns 283 shares of the company’s stock worth $30,000 after purchasing an additional 112 shares during the period. 95.35% of the stock is owned by institutional investors.

Addus HomeCare Stock Down 0.5%

Shares of NASDAQ ADUS opened at $113.26 on Wednesday. The firm’s fifty day moving average is $109.80 and its 200 day moving average is $113.05. Addus HomeCare has a 52 week low of $88.96 and a 52 week high of $124.43. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.37 and a beta of 0.91.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Barclays increased their price target on shares of Addus HomeCare from $111.00 to $117.00 and gave the stock an “underweight” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded Addus HomeCare from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Truist Financial set a $135.00 price target on Addus HomeCare and gave the stock a “buy” rating in a research note on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Addus HomeCare in a research report on Wednesday, January 21st. Finally, TD Cowen restated a “buy” rating on shares of Addus HomeCare in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.44.

About Addus HomeCare

Addus HomeCare (NASDAQ: ADUS) is a leading provider of home and community-based care services for elderly, disabled, and medically complex individuals across the United States. Through a network of company-owned and franchise locations, the company delivers a broad spectrum of non-medical personal care and licensed home health services designed to support clients’ independence and quality of life.

The company’s core offerings include personal care assistance—covering daily living activities, medication reminders, and light housekeeping—and skilled home health services delivered under the supervision of registered nurses and licensed therapists.