Viemed Healthcare, Inc. (NASDAQ:VMD) Sees Large Decrease in Short Interest

Viemed Healthcare, Inc. (NASDAQ:VMD) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 205,500 shares, a decrease of 26.6% from the September 15th total of 279,900 shares. Based on an average trading volume of 125,800 shares, the days-to-cover ratio is presently 1.6 days. Currently, 0.6% of the shares of the stock are short sold.

Viemed Healthcare Price Performance

Shares of Viemed Healthcare stock traded up $0.22 on Friday, hitting $8.77. The company’s stock had a trading volume of 215,106 shares, compared to its average volume of 161,011. The company has a market capitalization of $340.54 million, a P/E ratio of 36.54 and a beta of 1.47. Viemed Healthcare has a 52-week low of $5.90 and a 52-week high of $10.44. The firm has a fifty day moving average price of $7.48 and a 200-day moving average price of $7.43. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.07.

Viemed Healthcare (NASDAQ:VMD) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The company had revenue of $54.97 million during the quarter. Viemed Healthcare had a net margin of 4.60% and a return on equity of 8.23%.

Hedge Funds Weigh In On Viemed Healthcare

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Viemed Healthcare by 53.0% in the 1st quarter. Vanguard Group Inc. now owns 1,781,914 shares of the company’s stock worth $16,803,000 after purchasing an additional 617,009 shares during the last quarter. Kent Lake Capital LLC acquired a new stake in shares of Viemed Healthcare in the 1st quarter worth about $5,557,000. Penbrook Management LLC boosted its position in shares of Viemed Healthcare by 236.0% during the second quarter. Penbrook Management LLC now owns 231,607 shares of the company’s stock worth $1,517,000 after buying an additional 162,670 shares during the period. Apis Capital Advisors LLC grew its stake in shares of Viemed Healthcare by 193.0% in the second quarter. Apis Capital Advisors LLC now owns 234,400 shares of the company’s stock worth $1,535,000 after purchasing an additional 154,400 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Viemed Healthcare by 50.9% during the 2nd quarter. Renaissance Technologies LLC now owns 438,700 shares of the company’s stock valued at $2,873,000 after buying an additional 147,900 shares during the period. Hedge funds and other institutional investors own 74.24% of the company’s stock.

About Viemed Healthcare

Viemed Healthcare, Inc, together with its subsidiaries, provides home medical equipment (HME) and post-acute respiratory healthcare services to patients in the United States. It provides respiratory disease management solutions, including treatment of chronic obstructive pulmonary disease (COPD), which include non-invasive ventilation, percussion vests, and other therapies; and invasive and non-invasive ventilation and related equipment and supplies to patients suffering from COPD.