Nutex Health Inc. (NASDAQ:NUTX) Sees Significant Drop in Short Interest

Nutex Health Inc. (NASDAQ:NUTX) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 29,100 shares, a drop of 43.5% from the January 15th total of 51,500 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 48,200 shares, the short-interest ratio is presently 0.6 days.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NUTX. Benchmark increased their target price on Nutex Health from $45.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Maxim Group lifted their target price on Nutex Health from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th.

Nutex Health Stock Up 7.0 %

Nutex Health stock traded up $4.07 during midday trading on Thursday, reaching $62.37. The company’s stock had a trading volume of 19,704 shares, compared to its average volume of 38,783. Nutex Health has a fifty-two week low of $4.16 and a fifty-two week high of $63.22. The company has a quick ratio of 1.74, a current ratio of 1.77 and a debt-to-equity ratio of 3.36. The company has a market cap of $339.29 million, a P/E ratio of -6.63 and a beta of 0.20. The business has a 50-day simple moving average of $38.42 and a 200-day simple moving average of $28.07.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Beaird Harris Wealth Management LLC acquired a new stake in Nutex Health during the third quarter valued at approximately $69,000. Geode Capital Management LLC lifted its position in shares of Nutex Health by 12.6% in the 4th quarter. Geode Capital Management LLC now owns 34,125 shares of the company’s stock valued at $1,082,000 after acquiring an additional 3,826 shares in the last quarter. Truist Financial Corp raised its position in Nutex Health by 22.2% during the fourth quarter. Truist Financial Corp now owns 35,570 shares of the company’s stock valued at $1,127,000 after buying an additional 6,454 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of Nutex Health during the fourth quarter worth approximately $206,000. Finally, Legato Capital Management LLC grew its position in Nutex Health by 26.8% in the fourth quarter. Legato Capital Management LLC now owns 31,669 shares of the company’s stock worth $1,004,000 after acquiring an additional 6,697 shares in the last quarter. 5.32% of the stock is currently owned by hedge funds and other institutional investors.

About Nutex Health

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.