Semler Scientific, Inc. (NASDAQ:SMLR) Sees Large Increase in Short Interest

Semler Scientific, Inc. (NASDAQ:SMLR - Get Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 1,790,000 shares, an increase of 20.1% from the March 15th total of 1,490,000 shares. Currently, 23.0% of the company's shares are short sold. Based on an average daily volume of 407,200 shares, the short-interest ratio is presently 4.4 days.

Semler Scientific Stock Performance

NASDAQ SMLR remained flat at $34.28 during trading hours on Thursday. The company had a trading volume of 23,546 shares, compared to its average volume of 400,957. Semler Scientific has a fifty-two week low of $20.88 and a fifty-two week high of $81.56. The firm has a fifty day moving average of $37.69 and a 200-day moving average of $45.82. The stock has a market cap of $328.99 million, a price-to-earnings ratio of 6.97 and a beta of 1.29.

Semler Scientific (NASDAQ:SMLR - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $0.20 by $3.21. The company had revenue of $12.41 million during the quarter. Semler Scientific had a net margin of 72.65% and a return on equity of 50.77%.

Analysts Set New Price Targets

Separately, Lake Street Capital boosted their target price on shares of Semler Scientific from $40.00 to $71.00 and gave the company a "buy" rating in a report on Friday, January 24th.

Hedge Funds Weigh In On Semler Scientific

A number of institutional investors and hedge funds have recently made changes to their positions in SMLR. Capital International Investors acquired a new position in Semler Scientific during the 4th quarter worth approximately $30,813,000. Susquehanna Advisors Group Inc. acquired a new position in shares of Semler Scientific during the fourth quarter worth approximately $26,928,000. Driehaus Capital Management LLC bought a new position in shares of Semler Scientific in the 4th quarter worth $10,122,000. Shariaportfolio Inc. grew its position in Semler Scientific by 4.5% in the 4th quarter. Shariaportfolio Inc. now owns 160,453 shares of the company's stock valued at $8,664,000 after purchasing an additional 6,837 shares during the period. Finally, Geode Capital Management LLC increased its stake in Semler Scientific by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 140,423 shares of the company's stock valued at $7,584,000 after purchasing an additional 4,464 shares in the last quarter. Institutional investors own 49.37% of the company's stock.

About Semler Scientific

Semler Scientific, Inc provides technology solutions to enhance the clinical effectiveness and efficiency of healthcare providers in the United States. The company's products include QuantaFlo, a four-minute in-office blood flow test that enables healthcare providers to use blood flow measurements as part of their examinations of a patient's vascular condition.