Semler Scientific, Inc. (NASDAQ:SMLR) Short Interest Up 51.7% in January

Semler Scientific, Inc. (NASDAQ:SMLR - Get Free Report) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 1,790,000 shares, an increase of 51.7% from the January 15th total of 1,180,000 shares. Based on an average daily volume of 738,900 shares, the days-to-cover ratio is currently 2.4 days. Approximately 24.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On Semler Scientific

A number of institutional investors and hedge funds have recently modified their holdings of SMLR. BNP Paribas Financial Markets acquired a new stake in shares of Semler Scientific during the 4th quarter valued at $30,000. Jones Financial Companies Lllp purchased a new stake in shares of Semler Scientific in the fourth quarter valued at $34,000. Larson Financial Group LLC purchased a new stake in shares of Semler Scientific in the fourth quarter valued at $38,000. NewEdge Advisors LLC lifted its holdings in shares of Semler Scientific by 318.3% in the fourth quarter. NewEdge Advisors LLC now owns 732 shares of the company's stock valued at $40,000 after purchasing an additional 557 shares in the last quarter. Finally, IFP Advisors Inc purchased a new stake in shares of Semler Scientific in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 49.37% of the company's stock.

Analysts Set New Price Targets

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

Semler Scientific Price Performance

Shares of NASDAQ:SMLR traded up $0.22 on Monday, reaching $49.67. 226,526 shares of the company traded hands, compared to its average volume of 424,548. Semler Scientific has a fifty-two week low of $20.88 and a fifty-two week high of $81.56. The company's 50 day moving average is $57.63 and its 200-day moving average is $42.29. The stock has a market capitalization of $460.44 million, a PE ratio of 24.23 and a beta of 1.17.

Semler Scientific Company Profile

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.