CareMax, Inc. (NASDAQ:CMAX) Short Interest Down 10.2% in March

CareMax, Inc. (NASDAQ:CMAX) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 220,100 shares, a drop of 10.2% from the February 29th total of 245,200 shares. Currently, 9.5% of the company’s stock are sold short. Based on an average daily trading volume, of 73,300 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UBS Group AG bought a new stake in shares of CareMax in the 2nd quarter worth approximately $32,000. Cubist Systematic Strategies LLC bought a new stake in shares of CareMax in the 1st quarter worth approximately $39,000. SG Americas Securities LLC bought a new stake in shares of CareMax in the 3rd quarter worth approximately $44,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of CareMax by 2.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 89,573 shares of the company’s stock worth $45,000 after purchasing an additional 2,466 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of CareMax by 7.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 97,705 shares of the company’s stock worth $49,000 after purchasing an additional 6,585 shares during the last quarter. Institutional investors own 65.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group restated a “hold” rating on shares of CareMax in a research note on Monday, February 26th.

CareMax Stock Performance

NASDAQ:CMAX traded up $0.42 during trading hours on Friday, reaching $4.82. 33,939 shares of the stock were exchanged, compared to its average volume of 114,994. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $7.52 and a 200-day simple moving average of $27.96. CareMax has a 52 week low of $3.72 and a 52 week high of $126.00. The stock has a market capitalization of $18.32 million, a P/E ratio of -0.03 and a beta of 0.85.

CareMax Company Profile

CareMax, Inc provides care and chronic disease management services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation; and services to children and adults through Medicaid programs, as well as through commercial insurance plans.