Short Interest in Nutex Health Inc. (NASDAQ:NUTX) Increases By 25.1%

Nutex Health Inc. (NASDAQ:NUTX) saw a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 127,100 shares, a growth of 25.1% from the August 15th total of 101,600 shares. Based on an average daily volume of 63,600 shares, the days-to-cover ratio is currently 2.0 days. Currently, 4.5% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Benchmark upped their price objective on shares of Nutex Health from $30.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, August 21st.

Insider Buying and Selling

In other Nutex Health news, CFO Jon Christian Bates purchased 1,350 shares of the stock in a transaction on Thursday, August 22nd. The stock was acquired at an average price of $21.46 per share, with a total value of $28,971.00. Following the transaction, the chief financial officer now directly owns 2,277 shares of the company’s stock, valued at approximately $48,864.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Nutex Health

A hedge fund recently raised its stake in Nutex Health stock. One Plus One Wealth Management LLC raised its holdings in shares of Nutex Health Inc. (NASDAQ:NUTX) by 2,017.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,293,720 shares of the company’s stock after purchasing an additional 5,043,720 shares during the period. One Plus One Wealth Management LLC owned 0.71% of Nutex Health worth $508,000 as of its most recent SEC filing. 5.32% of the stock is owned by institutional investors and hedge funds.

Nutex Health Trading Up 0.2 %

NUTX stock traded up $0.05 during trading on Tuesday, reaching $25.05. The company had a trading volume of 42,873 shares, compared to its average volume of 37,681. The company has a debt-to-equity ratio of 3.04, a current ratio of 1.59 and a quick ratio of 1.55. Nutex Health has a 52 week low of $4.16 and a 52 week high of $45.00. The business has a 50 day moving average of $13.93 and a 200 day moving average of $10.70. The company has a market cap of $124.55 million, a P/E ratio of -2.36 and a beta of 0.08.

Nutex Health (NASDAQ:NUTX) last posted its earnings results on Thursday, August 8th. The company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.22. The firm had revenue of $76.08 million for the quarter. Nutex Health had a negative return on equity of 43.79% and a negative net margin of 13.73%.

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.