Assure Holdings Corp. (NASDAQ:IONM) Short Interest Update

Assure Holdings Corp. (NASDAQ:IONM) was the recipient of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,040,000 shares, an increase of 150.7% from the February 29th total of 414,800 shares. Based on an average daily trading volume, of 1,380,000 shares, the days-to-cover ratio is currently 0.8 days. Approximately 20.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Assure

A hedge fund recently raised its stake in Assure stock. Walleye Capital LLC raised its holdings in shares of Assure Holdings Corp. (NASDAQ:IONM) by 513.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,314 shares of the company’s stock after purchasing an additional 83,113 shares during the period. Walleye Capital LLC owned 9.01% of Assure worth $92,000 at the end of the most recent reporting period. 3.33% of the stock is currently owned by institutional investors and hedge funds.

Assure Stock Performance

IONM stock traded up $0.05 during midday trading on Thursday, reaching $0.49. 327,669 shares of the company’s stock traded hands, compared to its average volume of 1,451,352. The company has a 50-day moving average price of $0.35 and a two-hundred day moving average price of $0.30. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 8.07. Assure has a 52 week low of $0.20 and a 52 week high of $6.93.

About Assure

Assure Holdings Corp., through its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services in the United States. It offers services in the areas of neurosurgery, spine, cardiovascular, orthopedic, ear, nose, throat, and other surgical procedures. The company delivers various clinical and operational services, including scheduling of the interoperative neurophysiologist and supervising practitioner, real time monitoring, patient advocacy, and billing services to support surgeons and medical facilities during invasive procedures.