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

Nutex Health Inc. (NASDAQ:NUTX) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 60,300 shares, an increase of 19.6% from the February 28th total of 50,400 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average daily trading volume, of 39,900 shares, the days-to-cover ratio is currently 1.5 days.

Hedge Funds Weigh In On Nutex Health

Several hedge funds have recently bought and sold shares of the company. Drive Wealth Management LLC bought a new stake in Nutex Health in the 4th quarter worth approximately $1,122,000. Legato Capital Management LLC boosted its stake in shares of Nutex Health by 26.8% in the 4th quarter. Legato Capital Management LLC now owns 31,669 shares of the company’s stock valued at $1,004,000 after purchasing an additional 6,697 shares in the last quarter. Baader Bank Aktiengesellschaft bought a new position in shares of Nutex Health during the fourth quarter valued at about $206,000. Truist Financial Corp lifted its stake in shares of Nutex Health by 22.2% in the 4th quarter. Truist Financial Corp now owns 35,570 shares of the company’s stock valued at $1,127,000 after acquiring an additional 6,454 shares during the last quarter. Finally, State Street Corp purchased a new stake in Nutex Health during the 3rd quarter valued at about $225,000. Hedge funds and other institutional investors own 5.32% of the company’s stock.

Analysts Set New Price Targets

Separately, Maxim Group lifted their price objective on shares of Nutex Health from $50.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th.

Nutex Health Stock Performance

Shares of NUTX stock traded up $3.66 on Wednesday, hitting $75.06. 174,862 shares of the stock were exchanged, compared to its average volume of 51,639. The firm has a market capitalization of $408.10 million, a PE ratio of -8.00 and a beta of 0.01. Nutex Health has a one year low of $4.16 and a one year high of $76.57. The company has a current ratio of 1.77, a quick ratio of 1.74 and a debt-to-equity ratio of 3.36. The firm’s 50 day moving average is $53.12 and its two-hundred day moving average is $37.35.

Nutex Health (NASDAQ:NUTX) last released its quarterly earnings data on Monday, March 31st. The company reported $11.12 EPS for the quarter, topping the consensus estimate of ($0.09) by $11.21. The company had revenue of $81.30 million during the quarter, compared to the consensus estimate of $81.13 million. Nutex Health had a negative net margin of 14.09% and a negative return on equity of 51.27%.

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.