Tempus AI, Inc. (NASDAQ:TEM) Short Interest Up 20.2% in December

Tempus AI, Inc. (NASDAQ:TEM) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 6,140,000 shares, a growth of 20.2% from the November 30th total of 5,110,000 shares. Currently, 10.5% of the company’s stock are sold short. Based on an average daily trading volume, of 1,970,000 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Ratings Changes

A number of analysts have recently weighed in on TEM shares. Bank of America increased their price target on Tempus AI from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Friday, December 13th. Guggenheim began coverage on Tempus AI in a research report on Monday, December 9th. They issued a “buy” rating and a $74.00 target price on the stock. Loop Capital boosted their price target on shares of Tempus AI from $48.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Wolfe Research began coverage on shares of Tempus AI in a report on Friday, December 13th. They issued an “outperform” rating and a $60.00 price objective on the stock. Finally, Stifel Nicolaus downgraded shares of Tempus AI from a “buy” rating to a “hold” rating and lifted their price objective for the company from $45.00 to $65.00 in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Insider Buying and Selling at Tempus AI

In other Tempus AI news, Director David R. Epstein sold 620 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $41.81, for a total transaction of $25,922.20. Following the sale, the director now directly owns 27,894 shares of the company’s stock, valued at approximately $1,166,248.14. This represents a 2.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Andrew Polovin sold 51,504 shares of Tempus AI stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $42.39, for a total transaction of $2,183,254.56. Following the completion of the transaction, the executive vice president now directly owns 246,085 shares of the company’s stock, valued at $10,431,543.15. This trade represents a 17.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 845,041 shares of company stock worth $35,125,473 over the last quarter.

Hedge Funds Weigh In On Tempus AI

Several hedge funds have recently modified their holdings of TEM. Franklin Resources Inc. boosted its stake in Tempus AI by 1.0% during the third quarter. Franklin Resources Inc. now owns 811,311 shares of the company’s stock valued at $45,920,000 after buying an additional 8,387 shares in the last quarter. Tidal Investments LLC acquired a new stake in Tempus AI in the 3rd quarter valued at about $7,633,000. Teachers Retirement System of The State of Kentucky boosted its position in shares of Tempus AI by 6.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 126,500 shares of the company’s stock valued at $7,160,000 after purchasing an additional 7,500 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Tempus AI by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 133,171 shares of the company’s stock worth $7,537,000 after purchasing an additional 539 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Tempus AI in the 3rd quarter worth approximately $502,000. 24.22% of the stock is currently owned by institutional investors and hedge funds.

Tempus AI Price Performance

Shares of NASDAQ TEM traded down $0.17 during mid-day trading on Friday, reaching $35.12. 4,444,572 shares of the company traded hands, compared to its average volume of 1,624,103. The company has a debt-to-equity ratio of 8.17, a current ratio of 2.69 and a quick ratio of 2.55. Tempus AI has a fifty-two week low of $22.89 and a fifty-two week high of $79.49. The company has a fifty day moving average of $50.06.

About Tempus AI

Tempus AI Inc is a technology company advancing precision medicine through the practical application of artificial intelligence principally in healthcare. The company provides AI-enabled precision medicine solutions to physicians to deliver personalized patient care and in parallel facilitates discovery, development and delivery of optimal therapeutics.