The Joint Corp. (NASDAQ:JYNT) Short Interest Down 7.7% in October

The Joint Corp. (NASDAQ:JYNT - Get Free Report) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 487,300 shares, a decrease of 7.7% from the October 15th total of 528,100 shares. Based on an average daily trading volume, of 48,800 shares, the short-interest ratio is presently 10.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JYNT. Squarepoint Ops LLC acquired a new position in shares of Joint during the 2nd quarter valued at about $144,000. Sargent Investment Group LLC acquired a new stake in Joint during the second quarter worth $150,000. FMR LLC lifted its position in Joint by 38.0% in the third quarter. FMR LLC now owns 10,787 shares of the company's stock valued at $123,000 after buying an additional 2,971 shares during the last quarter. XTX Topco Ltd purchased a new position in Joint during the second quarter worth about $174,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of Joint by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,464 shares of the company's stock valued at $229,000 after acquiring an additional 837 shares during the period. Hedge funds and other institutional investors own 76.88% of the company's stock.

Joint Stock Down 2.4 %

Shares of NASDAQ:JYNT traded down $0.26 during trading on Monday, reaching $10.80. 217,987 shares of the company's stock traded hands, compared to its average volume of 68,676. The firm has a market cap of $161.83 million, a PE ratio of -9.70 and a beta of 1.57. Joint has a fifty-two week low of $8.38 and a fifty-two week high of $17.82. The company has a 50-day simple moving average of $11.31 and a 200-day simple moving average of $12.95.

Analyst Ratings Changes

Several brokerages have recently issued reports on JYNT. Roth Mkm reduced their price objective on Joint from $16.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, November 8th. StockNews.com upgraded shares of Joint from a "hold" rating to a "buy" rating in a research report on Friday.

Joint Company Profile

The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.