Quipt Home Medical Corp. (NASDAQ:QIPT) Short Interest Up 36.2% in January

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

Insider Buying and Selling

In other Quipt Home Medical news, VP Patrick Dennis Gamble purchased 17,000 shares of the firm's stock in a transaction on Thursday, December 26th. The shares were purchased at an average cost of $2.45 per share, with a total value of $41,650.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 13.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Quipt Home Medical

Several hedge funds and other institutional investors have recently made changes to their positions in QIPT. Forager Capital Management LLC grew its stake in shares of Quipt Home Medical by 77.7% in the third quarter. Forager Capital Management LLC now owns 4,192,562 shares of the company's stock valued at $12,200,000 after buying an additional 1,833,590 shares in the last quarter. Kanen Wealth Management LLC acquired a new stake in Quipt Home Medical during the 4th quarter valued at $4,346,000. Royce & Associates LP lifted its holdings in Quipt Home Medical by 15.8% in the 3rd quarter. Royce & Associates LP now owns 1,768,789 shares of the company's stock worth $5,165,000 after buying an additional 240,980 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Quipt Home Medical by 8.7% during the third quarter. Franklin Resources Inc. now owns 740,785 shares of the company's stock valued at $2,163,000 after acquiring an additional 59,441 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Quipt Home Medical by 207.5% during the third quarter. Verition Fund Management LLC now owns 78,950 shares of the company's stock worth $231,000 after acquiring an additional 53,275 shares during the last quarter. Institutional investors and hedge funds own 42.85% of the company's stock.

Quipt Home Medical Trading Up 0.7 %

Shares of QIPT traded up $0.02 during mid-day trading on Wednesday, hitting $2.96. The company had a trading volume of 125,352 shares, compared to its average volume of 148,063. Quipt Home Medical has a 1-year low of $2.30 and a 1-year high of $4.98. The company has a quick ratio of 0.86, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. The business's 50-day simple moving average is $2.85 and its 200-day simple moving average is $2.88. The stock has a market cap of $127.55 million, a PE ratio of -19.73 and a beta of 0.57.

Quipt Home Medical (NASDAQ:QIPT - Get Free Report) last issued its earnings results on Monday, December 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.08). Quipt Home Medical had a negative return on equity of 6.18% and a negative net margin of 2.66%. Sell-side analysts forecast that Quipt Home Medical will post -0.05 earnings per share for the current year.

About Quipt Home Medical

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.