Short Interest in DocGo Inc. (NASDAQ:DCGO) Declines By 8.8%

DocGo Inc. (NASDAQ:DCGO) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 6,500,000 shares, a drop of 8.8% from the October 31st total of 7,130,000 shares. Approximately 8.0% of the company’s shares are short sold. Based on an average trading volume of 524,600 shares, the short-interest ratio is currently 12.4 days.

Institutional Investors Weigh In On DocGo

Several hedge funds have recently bought and sold shares of DCGO. nVerses Capital LLC raised its holdings in shares of DocGo by 151.5% during the second quarter. nVerses Capital LLC now owns 8,300 shares of the company’s stock valued at $26,000 after purchasing an additional 5,000 shares during the last quarter. Gladius Capital Management LP bought a new position in shares of DocGo in the second quarter worth approximately $34,000. Nisa Investment Advisors LLC boosted its position in shares of DocGo by 693.2% in the second quarter. Nisa Investment Advisors LLC now owns 12,089 shares of the company’s stock worth $37,000 after purchasing an additional 10,565 shares during the period. Centiva Capital LP bought a new position in shares of DocGo in the third quarter worth approximately $43,000. Finally, Intech Investment Management LLC bought a new position in shares of DocGo in the third quarter worth approximately $62,000. Institutional investors own 56.44% of the company’s stock.

Analyst Upgrades and Downgrades

DCGO has been the topic of a number of recent analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $7.00 price target on shares of DocGo in a report on Thursday, August 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $5.00 target price on shares of DocGo in a research note on Friday, September 20th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $6.10.

DocGo Price Performance

NASDAQ:DCGO traded down $0.05 during mid-day trading on Tuesday, hitting $4.24. 481,535 shares of the company’s stock were exchanged, compared to its average volume of 989,636. DocGo has a one year low of $2.75 and a one year high of $6.20. The business has a fifty day moving average price of $3.64 and a 200 day moving average price of $3.41. The company has a market cap of $432.69 million, a PE ratio of 15.14, a P/E/G ratio of 3.94 and a beta of 0.98.

DocGo Company Profile

DocGo Inc provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services.