The Joint Corp. (NASDAQ:JYNT) Short Interest Up 9.2% in October

The Joint Corp. (NASDAQ:JYNT) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 528,100 shares, a growth of 9.2% from the September 30th total of 483,800 shares. Based on an average daily volume of 49,100 shares, the short-interest ratio is currently 10.8 days.

Joint Stock Performance

Shares of NASDAQ JYNT traded down $0.15 during trading hours on Thursday, hitting $11.05. The company’s stock had a trading volume of 30,490 shares, compared to its average volume of 68,690. The business has a 50-day simple moving average of $11.24 and a 200-day simple moving average of $13.00. The stock has a market cap of $165.46 million, a price-to-earnings ratio of -14.93 and a beta of 1.57. Joint has a 12 month low of $7.31 and a 12 month high of $17.82.

Joint (NASDAQ:JYNT) last announced its earnings results on Thursday, August 8th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). The business had revenue of $30.26 million for the quarter, compared to the consensus estimate of $29.65 million. Joint had a negative net margin of 12.00% and a positive return on equity of 2.17%. On average, equities research analysts forecast that Joint will post 0.13 EPS for the current year.

Institutional Trading of Joint

Several large investors have recently added to or reduced their stakes in JYNT. Squarepoint Ops LLC bought a new position in shares of Joint during the 2nd quarter valued at approximately $144,000. Sargent Investment Group LLC purchased a new stake in shares of Joint in the second quarter worth $150,000. XTX Topco Ltd bought a new stake in shares of Joint during the 2nd quarter valued at $174,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Joint by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,464 shares of the company’s stock valued at $229,000 after buying an additional 837 shares in the last quarter. Finally, Avondale Wealth Management boosted its holdings in Joint by 15.8% in the 2nd quarter. Avondale Wealth Management now owns 22,000 shares of the company’s stock worth $309,000 after buying an additional 3,000 shares during the period. 76.88% of the stock is currently owned by institutional investors.

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.