Viemed Healthcare, Inc. (NASDAQ:VMD) Short Interest Up 25.2% in March

Viemed Healthcare, Inc. (NASDAQ:VMD) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 398,300 shares, an increase of 25.2% from the March 15th total of 318,100 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average trading volume of 114,100 shares, the days-to-cover ratio is presently 3.5 days.

Viemed Healthcare Stock Performance

VMD opened at $6.63 on Friday. The company has a market cap of $262.03 million, a price-to-earnings ratio of 24.56 and a beta of 1.64. The firm’s fifty day simple moving average is $7.33 and its two-hundred day simple moving average is $8.11. The company has a quick ratio of 1.19, a current ratio of 1.31 and a debt-to-equity ratio of 0.03. Viemed Healthcare has a 52-week low of $6.21 and a 52-week high of $9.81.

Institutional Investors Weigh In On Viemed Healthcare

Several large investors have recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Viemed Healthcare during the fourth quarter worth approximately $41,000. Corton Capital Inc. purchased a new position in shares of Viemed Healthcare in the fourth quarter worth about $82,000. EntryPoint Capital LLC acquired a new position in Viemed Healthcare during the fourth quarter worth about $92,000. Prudential Financial Inc. purchased a new stake in Viemed Healthcare during the 4th quarter valued at about $93,000. Finally, Man Group plc acquired a new stake in Viemed Healthcare in the 4th quarter valued at about $95,000. 74.24% of the stock is currently owned by hedge funds and other institutional investors.

Viemed Healthcare Company Profile

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.