Short Interest in Viemed Healthcare, Inc. (NASDAQ:VMD) Drops By 16.8%

Viemed Healthcare, Inc. (NASDAQ:VMD) was the target of a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 303,800 shares, a drop of 16.8% from the January 15th total of 365,100 shares. Approximately 0.9% of the shares of the company are sold short. Based on an average daily volume of 156,100 shares, the days-to-cover ratio is currently 1.9 days.

Insider Buying and Selling at Viemed Healthcare

In other news, Director Nitin Kaushal sold 5,995 shares of Viemed Healthcare stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $8.58, for a total transaction of $51,437.10. Following the completion of the sale, the director now owns 126,843 shares of the company’s stock, valued at approximately $1,088,312.94. This trade represents a 4.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Viemed Healthcare

Several hedge funds and other institutional investors have recently modified their holdings of VMD. Barclays PLC grew its holdings in Viemed Healthcare by 342.3% during the third quarter. Barclays PLC now owns 53,439 shares of the company’s stock worth $392,000 after buying an additional 41,358 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Viemed Healthcare by 151.7% during the third quarter. JPMorgan Chase & Co. now owns 98,798 shares of the company’s stock worth $724,000 after buying an additional 59,538 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Viemed Healthcare by 748.2% during the third quarter. Victory Capital Management Inc. now owns 108,497 shares of the company’s stock worth $795,000 after buying an additional 95,706 shares in the last quarter. SG Americas Securities LLC grew its holdings in Viemed Healthcare by 193.1% during the fourth quarter. SG Americas Securities LLC now owns 35,579 shares of the company’s stock worth $285,000 after buying an additional 23,442 shares in the last quarter. Finally, Wasatch Advisors LP grew its holdings in Viemed Healthcare by 19.6% during the third quarter. Wasatch Advisors LP now owns 1,848,884 shares of the company’s stock worth $13,552,000 after buying an additional 303,277 shares in the last quarter. Institutional investors own 74.24% of the company’s stock.

Viemed Healthcare Stock Down 2.0 %

Shares of NASDAQ VMD opened at $7.83 on Friday. The stock has a market capitalization of $304.90 million, a P/E ratio of 29.00 and a beta of 1.45. Viemed Healthcare has a 52 week low of $6.21 and a 52 week high of $10.44. The stock’s fifty day moving average is $8.19 and its 200 day moving average is $8.11. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.19 and a current ratio of 1.31.

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.