Quipt Home Medical Corp. (NASDAQ:QIPT) Short Interest Update

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

Insider Activity at Quipt Home Medical

In other news, VP Patrick Dennis Gamble purchased 17,000 shares of the company's stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average price of $2.45 per share, for a total transaction of $41,650.00. Following the completion of the transaction, the vice president now owns 40,057 shares in the company, valued at $98,139.65. This represents a 73.73 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 4.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Quipt Home Medical

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Forager Capital Management LLC lifted its holdings in Quipt Home Medical by 77.7% during the third quarter. Forager Capital Management LLC now owns 4,192,562 shares of the company's stock valued at $12,200,000 after purchasing an additional 1,833,590 shares in the last quarter. Kanen Wealth Management LLC purchased a new position in Quipt Home Medical in the 4th quarter valued at about $4,346,000. Royce & Associates LP boosted 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 during the last quarter. Franklin Resources Inc. increased its stake in Quipt Home Medical by 8.7% during the 3rd quarter. Franklin Resources Inc. now owns 740,785 shares of the company's stock worth $2,163,000 after buying an additional 59,441 shares in the last quarter. Finally, Verition Fund Management LLC raised its holdings 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 valued at $231,000 after acquiring an additional 53,275 shares during the last quarter. Hedge funds and other institutional investors own 42.85% of the company's stock.

Quipt Home Medical Price Performance

Shares of QIPT stock traded up $0.09 during mid-day trading on Friday, hitting $3.02. 243,799 shares of the stock were exchanged, compared to its average volume of 186,964. The company has a quick ratio of 0.86, a current ratio of 1.20 and a debt-to-equity ratio of 0.73. Quipt Home Medical has a 52-week low of $2.30 and a 52-week high of $4.99. The firm has a fifty day moving average of $2.72 and a 200 day moving average of $2.89. The company has a market cap of $130.13 million, a PE ratio of -20.13 and a beta of 0.56.

Quipt Home Medical (NASDAQ:QIPT - Get Free Report) last issued its quarterly earnings data on Monday, December 16th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.08). Quipt Home Medical had a negative net margin of 2.66% and a negative return on equity of 6.18%. Research analysts anticipate that Quipt Home Medical will post -0.15 earnings per share for the current year.

Quipt Home Medical Company Profile

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.