CorVel Co. (NASDAQ:CRVL) Short Interest Update

CorVel Co. (NASDAQ:CRVL) was the target of a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 388,300 shares, a growth of 6.6% from the October 31st total of 364,400 shares. Approximately 4.1% of the company’s shares are sold short. Based on an average trading volume of 36,700 shares, the days-to-cover ratio is presently 10.6 days.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of CorVel from a “buy” rating to a “hold” rating in a report on Saturday, August 31st.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Blue Trust Inc. increased its stake in shares of CorVel by 435.3% during the 3rd quarter. Blue Trust Inc. now owns 91 shares of the business services provider’s stock worth $30,000 after purchasing an additional 74 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of CorVel by 98.0% during the 2nd quarter. GAMMA Investing LLC now owns 97 shares of the business services provider’s stock worth $25,000 after purchasing an additional 48 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of CorVel by 121.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 204 shares of the business services provider’s stock worth $67,000 after purchasing an additional 112 shares during the last quarter. Point72 DIFC Ltd acquired a new position in shares of CorVel during the 3rd quarter worth $88,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of CorVel during the 3rd quarter worth $102,000. Institutional investors and hedge funds own 51.36% of the company’s stock.

CorVel Price Performance

CRVL stock opened at $356.11 on Wednesday. CorVel has a 52-week low of $212.70 and a 52-week high of $381.73. The company’s 50 day simple moving average is $330.69 and its 200-day simple moving average is $299.58. The firm has a market capitalization of $6.10 billion, a P/E ratio of 75.61 and a beta of 1.14.

CorVel Company Profile

CorVel Corporation provides workers’ compensation, auto, liability, and health solutions. It applies technology, including artificial intelligence, machine learning, and natural language processing to enhance the managing of episodes of care and the related health care costs. The company also offers network solutions services, including automated medical fee auditing, preferred provider management and reimbursement, retrospective utilization review, facility claim review, professional review, pharmacy, directed care, clearinghouse, independent medical examination, and inpatient medical bill review services, as well as Medicare solutions.