OrthoPediatrics Corp. (NASDAQ:KIDS) Short Interest Update

OrthoPediatrics Corp. (NASDAQ:KIDS - Get Free Report) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 826,300 shares, a decrease of 9.7% from the January 15th total of 914,900 shares. Based on an average daily volume of 277,800 shares, the short-interest ratio is currently 3.0 days. Approximately 5.1% of the shares of the stock are short sold.

OrthoPediatrics Trading Down 0.2 %

NASDAQ KIDS traded down $0.05 during trading hours on Thursday, hitting $24.33. The company's stock had a trading volume of 282,105 shares, compared to its average volume of 308,529. The stock has a fifty day moving average of $24.22 and a 200 day moving average of $26.18. The company has a quick ratio of 3.68, a current ratio of 7.17 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $589.32 million, a P/E ratio of -19.78 and a beta of 1.14. OrthoPediatrics has a twelve month low of $21.02 and a twelve month high of $35.99.

Analyst Ratings Changes

KIDS has been the topic of several analyst reports. Truist Financial cut their price objective on shares of OrthoPediatrics from $28.00 to $25.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Needham & Company LLC restated a "buy" rating and issued a $42.00 price objective on shares of OrthoPediatrics in a report on Tuesday, January 14th.

Institutional Investors Weigh In On OrthoPediatrics

Hedge funds have recently bought and sold shares of the company. Quarry LP acquired a new stake in OrthoPediatrics in the third quarter worth $25,000. International Assets Investment Management LLC raised its holdings in OrthoPediatrics by 2,610.8% in the third quarter. International Assets Investment Management LLC now owns 1,003 shares of the company's stock worth $27,000 after purchasing an additional 966 shares during the period. R Squared Ltd acquired a new stake in OrthoPediatrics in the fourth quarter worth $48,000. KLP Kapitalforvaltning AS acquired a new stake in OrthoPediatrics in the fourth quarter worth $79,000. Finally, BNP Paribas Financial Markets increased its position in shares of OrthoPediatrics by 125.1% during the third quarter. BNP Paribas Financial Markets now owns 3,471 shares of the company's stock worth $94,000 after acquiring an additional 1,929 shares in the last quarter. 69.05% of the stock is currently owned by institutional investors and hedge funds.

About OrthoPediatrics

OrthoPediatrics Corp., a medical device company, engages in designing, developing, and marketing anatomically appropriate implants, instruments, and specialized braces for children with orthopedic conditions in the United States and internationally. The company offers pediatric trauma and deformity correction products; scoliosis procedures for the treatment of spinal deformity; and sports medicine and other products.