Short Interest in The Joint Corp. (NASDAQ:JYNT) Decreases By 9.5%

The Joint Corp. (NASDAQ:JYNT) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 436,200 shares, a decrease of 9.5% from the January 15th total of 481,800 shares. Based on an average daily trading volume, of 46,700 shares, the short-interest ratio is currently 9.3 days.

Analyst Upgrades and Downgrades

JYNT has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Joint from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Roth Mkm lowered their price objective on shares of Joint from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, November 8th.

Joint Stock Performance

NASDAQ JYNT traded down $0.19 on Monday, reaching $11.53. The company had a trading volume of 18,418 shares, compared to its average volume of 35,982. The firm has a market capitalization of $172.72 million, a price-to-earnings ratio of -10.11 and a beta of 1.60. Joint has a 1-year low of $9.10 and a 1-year high of $17.82. The company’s fifty day moving average is $10.88 and its 200-day moving average is $11.23.

Hedge Funds Weigh In On Joint

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wells Fargo & Company MN boosted its stake in Joint by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 5,088 shares of the company’s stock worth $54,000 after purchasing an additional 1,735 shares during the period. FMR LLC boosted its stake in shares of Joint by 38.0% during the 3rd quarter. FMR LLC now owns 10,787 shares of the company’s stock worth $123,000 after buying an additional 2,971 shares during the last quarter. Franklin Resources Inc. acquired a new position in shares of Joint during the 3rd quarter worth about $175,000. BNP Paribas Financial Markets boosted its stake in shares of Joint by 5.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,510 shares of the company’s stock worth $258,000 after buying an additional 1,156 shares during the last quarter. Finally, Sanders Morris Harris LLC acquired a new position in shares of Joint during the 4th quarter worth about $228,000. 76.88% of the stock is owned by institutional investors and hedge funds.

Joint Company Profile

The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.