Quipt Home Medical Corp. (NASDAQ:QIPT) Short Interest Update

Quipt Home Medical Corp. (NASDAQ:QIPT) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 1,430,000 shares, an increase of 36.2% from the December 15th total of 1,050,000 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average trading volume of 191,800 shares, the short-interest ratio is presently 7.5 days.

Quipt Home Medical Stock Down 0.3 %

NASDAQ:QIPT traded down $0.01 during trading hours on Thursday, reaching $2.97. The company’s stock had a trading volume of 32,021 shares, compared to its average volume of 177,169. The business’s 50-day moving average is $2.71 and its 200-day moving average is $2.89. The company has a market cap of $127.98 million, a price-to-earnings ratio of -19.80 and a beta of 0.56. Quipt Home Medical has a one year low of $2.30 and a one year high of $4.99. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.20 and a quick ratio of 0.86.

Quipt Home Medical (NASDAQ:QIPT) last announced its earnings results on Monday, December 16th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08). Quipt Home Medical had a negative net margin of 2.66% and a negative return on equity of 6.18%. Equities research analysts predict that Quipt Home Medical will post -0.15 EPS for the current year.

Insider Activity

In related news, VP Patrick Dennis Gamble purchased 17,000 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was acquired at an average price of $2.45 per share, with a total value of $41,650.00. Following the completion of the acquisition, the vice president now owns 40,057 shares in the company, valued at approximately $98,139.65. This represents a 73.73 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of QIPT. Hsbc Holdings PLC increased its position in Quipt Home Medical by 10.4% during the 2nd quarter. Hsbc Holdings PLC now owns 52,522 shares of the company’s stock valued at $165,000 after buying an additional 4,969 shares in the last quarter. State Street Corp boosted its holdings in Quipt Home Medical by 1.0% during the third quarter. State Street Corp now owns 621,388 shares of the company’s stock worth $1,814,000 after buying an additional 6,317 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Quipt Home Medical by 21.0% during the 2nd quarter. Rhumbline Advisers now owns 49,276 shares of the company’s stock worth $159,000 after acquiring an additional 8,541 shares in the last quarter. Jane Street Group LLC increased its position in shares of Quipt Home Medical by 28.5% in the third quarter. Jane Street Group LLC now owns 41,926 shares of the company’s stock valued at $122,000 after buying an additional 9,290 shares in the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Quipt Home Medical in the second quarter valued at about $35,000. Hedge funds and other institutional investors own 42.85% of the company’s stock.

Quipt Home Medical Company Profile

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.