CareMax, Inc. (NASDAQ:CMAX) Short Interest Update

CareMax, Inc. (NASDAQ:CMAX) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 463,600 shares, a growth of 275.1% from the October 15th total of 123,600 shares. Based on an average trading volume of 314,800 shares, the short-interest ratio is currently 1.5 days. Currently, 19.6% of the shares of the company are sold short.

CareMax Stock Performance

CMAX stock traded down $0.08 on Wednesday, hitting $1.73. 48,698 shares of the company’s stock traded hands, compared to its average volume of 970,595. The stock has a fifty day moving average of $1.89 and a 200-day moving average of $2.74. CareMax has a 1-year low of $1.18 and a 1-year high of $38.10. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.09.

Institutional Trading of CareMax

An institutional investor recently bought a new position in CareMax stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of CareMax, Inc. (NASDAQ:CMAX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 27,002 shares of the company’s stock, valued at approximately $130,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.71% of CareMax as of its most recent SEC filing. 65.94% of the stock is currently owned by hedge funds and other institutional investors.

About CareMax

CareMax, Inc provides care and chronic disease management services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation; and services to children and adults through Medicaid programs, as well as through commercial insurance plans.