CareMax, Inc. (NASDAQ:CMAX) Short Interest Update

CareMax, Inc. (NASDAQ:CMAX) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 178,200 shares, a decrease of 8.0% from the August 15th total of 193,700 shares. Currently, 7.6% of the shares of the company are sold short. Based on an average daily volume of 2,910,000 shares, the short-interest ratio is presently 0.1 days.

CareMax Stock Performance

NASDAQ:CMAX traded down $0.01 on Wednesday, reaching $2.18. 32,849 shares of the company’s stock were exchanged, compared to its average volume of 1,091,389. The firm has a market cap of $8.29 million, a price-to-earnings ratio of -0.01 and a beta of 0.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a fifty day simple moving average of $3.33 and a 200-day simple moving average of $3.69. CareMax has a 52 week low of $1.55 and a 52 week high of $85.20.

CareMax (NASDAQ:CMAX) last issued its quarterly earnings data on Friday, August 9th. The company reported ($10.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($7.51) by ($2.97). CareMax had a negative return on equity of 175.40% and a negative net margin of 99.78%. The company had revenue of $198.63 million for the quarter, compared to analysts’ expectations of $233.53 million. As a group, sell-side analysts predict that CareMax will post -23.93 earnings per share for the current year.

Hedge Funds Weigh In On CareMax

Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of CareMax during the first quarter worth about $130,000. CastleKnight Management LP grew its stake in CareMax by 193.0% in the 4th quarter. CastleKnight Management LP now owns 374,700 shares of the company’s stock worth $187,000 after buying an additional 246,800 shares in the last quarter. Finally, Eminence Capital LP grew its stake in CareMax by 5.5% in the 4th quarter. Eminence Capital LP now owns 10,424,657 shares of the company’s stock worth $5,194,000 after buying an additional 539,544 shares in the last quarter. 65.94% of the stock is currently owned by institutional investors.

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.