Quipt Home Medical Corp. (NASDAQ:QIPT) Short Interest Up 36.2% in December

Quipt Home Medical Corp. (NASDAQ:QIPT) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 1,430,000 shares, an increase of 36.2% from the December 15th total of 1,050,000 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily volume of 191,800 shares, the short-interest ratio is presently 7.5 days.

Insider Buying and Selling at Quipt Home Medical

In other news, VP Patrick Dennis Gamble acquired 17,000 shares of Quipt Home Medical stock in a transaction on Thursday, December 26th. The stock was purchased at an average price of $2.45 per share, with a total value of $41,650.00. Following the completion of the purchase, the vice president now owns 40,057 shares of the company’s stock, valued at approximately $98,139.65. The trade was a 73.73 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.20% of the company’s stock.

Institutional Trading of Quipt Home Medical

Several institutional investors and hedge funds have recently modified their holdings of the stock. Forager Capital Management LLC grew its holdings in Quipt Home Medical by 77.7% during the third quarter. Forager Capital Management LLC now owns 4,192,562 shares of the company’s stock worth $12,200,000 after buying an additional 1,833,590 shares in the last quarter. Royce & Associates LP boosted its holdings in Quipt Home Medical by 15.8% during the 3rd quarter. Royce & Associates LP now owns 1,768,789 shares of the company’s stock worth $5,165,000 after acquiring an additional 240,980 shares during the last quarter. Kanen Wealth Management LLC bought a new stake in shares of Quipt Home Medical in the 4th quarter worth $4,346,000. Franklin Resources Inc. raised its holdings in shares of Quipt Home Medical by 8.7% in the third quarter. Franklin Resources Inc. now owns 740,785 shares of the company’s stock valued at $2,163,000 after purchasing an additional 59,441 shares during the last quarter. Finally, State Street Corp lifted its position in shares of Quipt Home Medical by 1.0% during the third quarter. State Street Corp now owns 621,388 shares of the company’s stock valued at $1,814,000 after purchasing an additional 6,317 shares in the last quarter. 42.85% of the stock is owned by hedge funds and other institutional investors.

Quipt Home Medical Stock Up 3.1 %

NASDAQ QIPT traded up $0.09 during mid-day trading on Friday, hitting $3.02. The company’s stock had a trading volume of 243,799 shares, compared to its average volume of 318,725. The firm has a market capitalization of $130.13 million, a price-to-earnings ratio of -20.13 and a beta of 0.56. The company’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $2.89. The company has a current ratio of 1.20, a quick ratio of 0.86 and a debt-to-equity ratio of 0.73. Quipt Home Medical has a twelve month low of $2.30 and a twelve month high of $4.99.

Quipt Home Medical (NASDAQ:QIPT) last issued its quarterly earnings data on Monday, December 16th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08). Quipt Home Medical had a negative net margin of 2.66% and a negative return on equity of 6.18%. Analysts anticipate that Quipt Home Medical will post -0.15 earnings per share for the current year.

About Quipt Home Medical

Quipt Home Medical Corp., through its subsidiaries, engages in the provision of durable and home medical equipment and supplies in the United States. The company offers nebulizers, oxygen concentrators, and CPAP and BiPAP units; traditional and non-traditional durable medical respiratory equipment and services; non-invasive ventilation equipment, supplies, and services; and engages in the rental of medical equipment.