Short Interest in Viemed Healthcare, Inc. (NASDAQ:VMD) Drops By 26.6%

Viemed Healthcare, Inc. (NASDAQ:VMD - Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totalling 205,500 shares, a decrease of 26.6% from the September 15th total of 279,900 shares. Based on an average daily volume of 125,800 shares, the short-interest ratio is presently 1.6 days. Currently, 0.6% of the company's stock are sold short.

Institutional Trading of Viemed Healthcare

Hedge funds have recently made changes to their positions in the business. Salem Investment Counselors Inc. lifted its holdings in Viemed Healthcare by 118.8% during the 1st quarter. Salem Investment Counselors Inc. now owns 72,007 shares of the company's stock worth $679,000 after purchasing an additional 39,090 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its stake in shares of Viemed Healthcare by 16.0% in the first quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 14,480 shares of the company's stock valued at $137,000 after acquiring an additional 2,000 shares in the last quarter. Essex Investment Management Co. LLC raised its stake in Viemed Healthcare by 1.5% in the 1st quarter. Essex Investment Management Co. LLC now owns 250,109 shares of the company's stock worth $2,359,000 after purchasing an additional 3,776 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Viemed Healthcare by 5.3% in the 1st quarter. Russell Investments Group Ltd. now owns 146,952 shares of the company's stock valued at $1,386,000 after purchasing an additional 7,386 shares during the period. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in shares of Viemed Healthcare during the 1st quarter worth approximately $135,000. 74.24% of the stock is owned by institutional investors and hedge funds.

Viemed Healthcare Stock Up 2.6 %

Shares of NASDAQ:VMD traded up $0.22 during midday trading on Friday, hitting $8.77. The stock had a trading volume of 215,106 shares, compared to its average volume of 161,011. The company has a market cap of $340.54 million, a P/E ratio of 36.54 and a beta of 1.47. Viemed Healthcare has a 12 month low of $5.90 and a 12 month high of $10.44. The business's 50-day simple moving average is $7.48 and its 200-day simple moving average is $7.43. The company has a quick ratio of 1.29, a current ratio of 1.43 and a debt-to-equity ratio of 0.07.

Viemed Healthcare (NASDAQ:VMD - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Viemed Healthcare had a return on equity of 8.23% and a net margin of 4.60%. The firm had revenue of $54.97 million for the quarter.

About Viemed Healthcare

Viemed Healthcare, Inc, together with its subsidiaries, provides home medical equipment (HME) and post-acute respiratory healthcare services to patients in the United States. It provides respiratory disease management solutions, including treatment of chronic obstructive pulmonary disease (COPD), which include non-invasive ventilation, percussion vests, and other therapies; and invasive and non-invasive ventilation and related equipment and supplies to patients suffering from COPD.