KORU Medical Systems, Inc. (NASDAQ:KRMD) Short Interest Update

KORU Medical Systems, Inc. (NASDAQ:KRMD - Get Free Report) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 457,400 shares, an increase of 122.6% from the September 15th total of 205,500 shares. Currently, 1.1% of the company's shares are short sold. Based on an average daily trading volume, of 65,600 shares, the days-to-cover ratio is currently 7.0 days.

Analyst Upgrades and Downgrades

KRMD has been the subject of several research analyst reports. B. Riley began coverage on shares of KORU Medical Systems in a research report on Thursday, July 25th. They issued a "buy" rating and a $4.00 target price on the stock. Piper Sandler upped their price objective on shares of KORU Medical Systems from $2.50 to $3.00 and gave the stock an "overweight" rating in a report on Thursday, August 8th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Lakewood Asset Management LLC grew its holdings in KORU Medical Systems by 13.9% during the 2nd quarter. Lakewood Asset Management LLC now owns 68,225 shares of the company's stock valued at $181,000 after buying an additional 8,300 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in KORU Medical Systems during the second quarter valued at $28,000. Allspring Global Investments Holdings LLC bought a new stake in KORU Medical Systems in the 2nd quarter valued at $28,000. Legato Capital Management LLC purchased a new stake in KORU Medical Systems in the 2nd quarter worth $35,000. Finally, Advisor Resource Council purchased a new stake in KORU Medical Systems in the 1st quarter worth $63,000. Institutional investors own 58.60% of the company's stock.

KORU Medical Systems Stock Performance

NASDAQ:KRMD traded up $0.13 during trading hours on Friday, reaching $2.72. The company had a trading volume of 22,707 shares, compared to its average volume of 122,518. The firm has a market cap of $124.71 million, a price-to-earnings ratio of -10.88 and a beta of 0.42. KORU Medical Systems has a 52 week low of $1.98 and a 52 week high of $3.09. The company has a current ratio of 3.77, a quick ratio of 3.27 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average price is $2.47 and its 200-day moving average price is $2.39.

KORU Medical Systems (NASDAQ:KRMD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.04) by $0.02. KORU Medical Systems had a negative net margin of 38.16% and a negative return on equity of 20.82%. The firm had revenue of $8.43 million during the quarter, compared to the consensus estimate of $7.52 million. During the same quarter in the previous year, the firm posted ($0.05) EPS. On average, analysts forecast that KORU Medical Systems will post -0.13 EPS for the current year.

KORU Medical Systems Company Profile

KORU Medical Systems, Inc develops and manufactures medical devices and supplies in the United States and internationally. It offers the freedom infusion systems to deliver life-saving therapies to patients with chronic illnesses, such as primary immunodeficiency diseases, chronic inflammatory demyelinating polyneuropathy, and paroxysmal nocturnal hemoglobinuria.

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