CareMax, Inc. (NASDAQ:CMAX) Sees Significant Growth in Short Interest

CareMax, Inc. (NASDAQ:CMAX) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 293,500 shares, a growth of 57.0% from the June 15th total of 186,900 shares. Approximately 12.5% of the shares of the company are short sold. Based on an average trading volume of 321,700 shares, the short-interest ratio is presently 0.9 days.

CareMax Price Performance

CMAX stock opened at $2.15 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.31 and a current ratio of 0.31. The company has a 50-day moving average of $2.75 and a two-hundred day moving average of $5.66. CareMax has a 52-week low of $1.88 and a 52-week high of $99.90.

CareMax (NASDAQ:CMAX) last announced its quarterly earnings results on Thursday, May 9th. The company reported ($10.99) EPS for the quarter, missing analysts’ consensus estimates of ($8.73) by ($2.26). The business had revenue of $232.25 million for the quarter, compared to the consensus estimate of $215.56 million. CareMax had a negative return on equity of 57.78% and a negative net margin of 79.55%. Equities analysts anticipate that CareMax will post -23.93 EPS for the current year.

Institutional Trading of CareMax

Several hedge funds have recently modified their holdings of CMAX. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CareMax during the first quarter worth approximately $130,000. CastleKnight Management LP increased its holdings in shares of CareMax by 193.0% during the fourth quarter. CastleKnight Management LP now owns 374,700 shares of the company’s stock worth $187,000 after buying an additional 246,800 shares in the last quarter. Finally, Eminence Capital LP increased its holdings in shares of CareMax by 5.5% during the fourth quarter. Eminence Capital LP now owns 10,424,657 shares of the company’s stock worth $5,194,000 after buying an additional 539,544 shares in the last quarter. Institutional investors and hedge funds own 65.94% of the company’s stock.

About CareMax

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.