CareMax, Inc. (NASDAQ:CMAX) Short Interest Up 5.3% in March

CareMax, Inc. (NASDAQ:CMAX) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 231,700 shares, a growth of 5.3% from the March 15th total of 220,100 shares. Based on an average daily volume of 77,600 shares, the short-interest ratio is currently 3.0 days. Approximately 9.9% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of CareMax in a research report on Monday, February 26th.

CareMax Trading Down 9.8 %

NASDAQ:CMAX opened at $2.93 on Wednesday. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average price of $5.86 and a 200 day moving average price of $22.84. CareMax has a fifty-two week low of $2.75 and a fifty-two week high of $126.00.

CareMax (NASDAQ:CMAX) last issued its quarterly earnings results on Monday, March 18th. The company reported ($25.82) EPS for the quarter. CareMax had a negative net margin of 90.98% and a negative return on equity of 35.76%. The business had revenue of $151.84 million during the quarter, compared to analysts’ expectations of $191.31 million. As a group, equities analysts forecast that CareMax will post -22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CareMax

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMAX. Bank of New York Mellon Corp boosted its position in CareMax by 14.9% in the 1st quarter. Bank of New York Mellon Corp now owns 27,797 shares of the company’s stock valued at $208,000 after buying an additional 3,596 shares during the period. Citigroup Inc. acquired a new stake in CareMax during the 1st quarter worth $98,000. Vanguard Group Inc. grew its position in CareMax by 95.4% during the 1st quarter. Vanguard Group Inc. now owns 2,915,066 shares of the company’s stock worth $21,775,000 after purchasing an additional 1,423,474 shares during the last quarter. Clearbridge Investments LLC grew its position in CareMax by 1.2% during the 1st quarter. Clearbridge Investments LLC now owns 1,388,221 shares of the company’s stock worth $10,370,000 after purchasing an additional 16,008 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in CareMax by 26.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 30,662 shares of the company’s stock worth $230,000 after purchasing an additional 6,431 shares during the last quarter. 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.