Short Interest in Option Care Health, Inc. (NASDAQ:OPCH) Drops By 34.8%

Option Care Health, Inc. (NASDAQ:OPCH - Get Free Report) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 3,800,000 shares, a decrease of 34.8% from the December 31st total of 5,830,000 shares. Based on an average daily volume of 2,120,000 shares, the short-interest ratio is presently 1.8 days. Currently, 2.3% of the company's stock are short sold.

Analyst Ratings Changes

OPCH has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Option Care Health from $38.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, January 24th. Jefferies Financial Group raised shares of Option Care Health from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $26.00 to $35.00 in a research report on Thursday, January 23rd. Truist Financial dropped their price objective on shares of Option Care Health from $41.00 to $34.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. UBS Group started coverage on shares of Option Care Health in a research note on Thursday, December 5th. They set a "neutral" rating and a $26.00 target price for the company. Finally, Bank of America upgraded shares of Option Care Health from a "neutral" rating to a "buy" rating and upped their price target for the company from $26.00 to $33.00 in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.25.

Option Care Health Price Performance

Shares of NASDAQ OPCH traded down $0.48 during midday trading on Friday, reaching $30.92. The company's stock had a trading volume of 1,409,384 shares, compared to its average volume of 1,911,371. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.32 and a current ratio of 1.73. The company has a market cap of $5.26 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.20 and a beta of 1.31. The business's 50 day moving average price is $25.31 and its two-hundred day moving average price is $27.91. Option Care Health has a fifty-two week low of $21.39 and a fifty-two week high of $34.63.

Insider Transactions at Option Care Health

In other news, Director Harry M. Jansen Kraemer, Jr. bought 43,000 shares of the company's stock in a transaction dated Friday, November 8th. The shares were bought at an average cost of $22.54 per share, with a total value of $969,220.00. Following the acquisition, the director now owns 326,334 shares in the company, valued at $7,355,568.36. This trade represents a 15.18 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.64% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of Option Care Health by 41.7% in the 4th quarter. UMB Bank n.a. now owns 1,176 shares of the company's stock valued at $27,000 after purchasing an additional 346 shares in the last quarter. GAMMA Investing LLC boosted its stake in Option Care Health by 110.6% in the third quarter. GAMMA Investing LLC now owns 897 shares of the company's stock valued at $28,000 after buying an additional 471 shares in the last quarter. Lindenwold Advisors INC grew its position in Option Care Health by 5.4% in the third quarter. Lindenwold Advisors INC now owns 9,548 shares of the company's stock valued at $299,000 after acquiring an additional 489 shares during the last quarter. Pacer Advisors Inc. raised its stake in Option Care Health by 2.2% during the fourth quarter. Pacer Advisors Inc. now owns 25,483 shares of the company's stock worth $591,000 after acquiring an additional 537 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its holdings in shares of Option Care Health by 2.4% in the fourth quarter. Sheets Smith Wealth Management now owns 23,856 shares of the company's stock worth $553,000 after acquiring an additional 550 shares during the last quarter. 98.05% of the stock is owned by institutional investors.

Option Care Health Company Profile

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.