Short Interest in Semler Scientific, Inc. (NASDAQ:SMLR) Increases By 51.7%

Semler Scientific, Inc. (NASDAQ:SMLR) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,790,000 shares, a growth of 51.7% from the January 15th total of 1,180,000 shares. Approximately 24.0% of the shares of the company are short sold. Based on an average daily trading volume, of 738,900 shares, the days-to-cover ratio is presently 2.4 days.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital raised their target price on Semler Scientific from $40.00 to $71.00 and gave the stock a “buy” rating in a report on Friday, January 24th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Jones Financial Companies Lllp purchased a new position in shares of Semler Scientific in the 4th quarter valued at about $34,000. Larson Financial Group LLC acquired a new stake in Semler Scientific in the fourth quarter valued at approximately $38,000. IFP Advisors Inc purchased a new stake in shares of Semler Scientific in the fourth quarter valued at approximately $54,000. Global Retirement Partners LLC raised its stake in shares of Semler Scientific by 62.5% during the 4th quarter. Global Retirement Partners LLC now owns 1,300 shares of the company’s stock worth $70,000 after buying an additional 500 shares during the period. Finally, Legal & General Group Plc lifted its position in shares of Semler Scientific by 65.4% during the 4th quarter. Legal & General Group Plc now owns 2,056 shares of the company’s stock valued at $111,000 after buying an additional 813 shares in the last quarter. Institutional investors and hedge funds own 49.37% of the company’s stock.

Semler Scientific Stock Performance

Shares of SMLR traded up $1.68 during trading hours on Thursday, hitting $49.37. The stock had a trading volume of 188,992 shares, compared to its average volume of 432,695. The firm has a 50-day moving average price of $58.30 and a 200 day moving average price of $41.86. Semler Scientific has a fifty-two week low of $20.88 and a fifty-two week high of $81.56. The firm has a market capitalization of $457.61 million, a price-to-earnings ratio of 24.08 and a beta of 1.17.

Semler Scientific Company Profile

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company’s products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient’s vascular condition.