CareMax, Inc. (NASDAQ:CMAX) Short Interest Up 275.1% in October

CareMax, Inc. (NASDAQ:CMAX) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 463,600 shares, a growth of 275.1% from the October 15th total of 123,600 shares. Currently, 19.6% of the shares of the company are short sold. Based on an average daily volume of 314,800 shares, the days-to-cover ratio is presently 1.5 days.

CareMax Stock Performance

Shares of NASDAQ CMAX traded down $0.08 during trading on Wednesday, hitting $1.73. 48,698 shares of the company were exchanged, compared to its average volume of 970,595. The firm’s fifty day moving average price is $1.89 and its 200 day moving average price is $2.74. CareMax has a 1 year low of $1.18 and a 1 year high of $38.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.23 and a quick ratio of 0.23.

Institutional Trading of CareMax

A hedge fund recently bought a new stake in CareMax stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CareMax, Inc. (NASDAQ:CMAX) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 27,002 shares of the company’s stock, valued at approximately $130,000. Mirae Asset Global Investments Co. Ltd. owned 0.71% of CareMax as of its most recent SEC filing. Hedge funds and other institutional investors own 65.94% of the company’s stock.

CareMax Company Profile

CareMax, Inc provides care and chronic disease management services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation; and services to children and adults through Medicaid programs, as well as through commercial insurance plans.