DocGo Inc. (NASDAQ:DCGO) Sees Significant Increase in Short Interest

DocGo Inc. (NASDAQ:DCGO) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 7,710,000 shares, a growth of 17.5% from the February 13th total of 6,560,000 shares. Currently, 8.8% of the company’s shares are sold short. Based on an average daily trading volume, of 759,000 shares, the short-interest ratio is presently 10.2 days.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DCGO. Deutsche Bank Aktiengesellschaft lowered DocGo from a “buy” rating to a “hold” rating and lowered their price target for the company from $5.00 to $2.85 in a research report on Friday, February 28th. Stifel Nicolaus cut their price target on DocGo from $6.50 to $5.50 and set a “buy” rating for the company in a research note on Friday, February 28th. Finally, Needham & Company LLC cut their target price on DocGo from $7.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, February 28th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $4.89.

Institutional Investors Weigh In On DocGo

Several hedge funds and other institutional investors have recently modified their holdings of DCGO. Jefferies Financial Group Inc. purchased a new position in shares of DocGo during the 4th quarter valued at about $123,000. Mackenzie Financial Corp acquired a new stake in DocGo in the 4th quarter worth about $579,000. Squarepoint Ops LLC boosted its holdings in shares of DocGo by 65.5% during the 4th quarter. Squarepoint Ops LLC now owns 66,260 shares of the company’s stock worth $281,000 after purchasing an additional 26,221 shares during the last quarter. State of Wyoming boosted its holdings in shares of DocGo by 55.1% during the 4th quarter. State of Wyoming now owns 159,033 shares of the company’s stock worth $674,000 after purchasing an additional 56,500 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of DocGo by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 28,641 shares of the company’s stock worth $121,000 after purchasing an additional 9,425 shares during the last quarter. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

DocGo Stock Performance

DocGo stock opened at $2.76 on Friday. The stock has a fifty day moving average of $4.20 and a 200 day moving average of $3.95. DocGo has a one year low of $2.73 and a one year high of $5.68. The stock has a market cap of $281.47 million, a PE ratio of 9.86, a price-to-earnings-growth ratio of 14.16 and a beta of 1.08.

DocGo Company Profile

DocGo Inc provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services.