Pacific Health Care Organization, Inc. (OTCMKTS:PFHO) Sees Significant Growth in Short Interest

Pacific Health Care Organization, Inc. (OTCMKTS:PFHO) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 3,400 shares, an increase of 580.0% from the February 28th total of 500 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 1,500 shares, the days-to-cover ratio is currently 2.3 days.

Pacific Health Care Organization Price Performance

Shares of PFHO traded down $0.02 during mid-day trading on Thursday, hitting $0.71. 945 shares of the company’s stock were exchanged, compared to its average volume of 4,129. Pacific Health Care Organization has a 52 week low of $0.51 and a 52 week high of $0.99. The company has a market cap of $9.09 million, a PE ratio of 10.14 and a beta of 0.05. The company has a 50-day simple moving average of $0.72 and a 200 day simple moving average of $0.78.

Pacific Health Care Organization (OTCMKTS:PFHO) last released its earnings results on Wednesday, March 19th. The company reported $0.02 earnings per share for the quarter. Pacific Health Care Organization had a net margin of 14.16% and a return on equity of 7.83%. The business had revenue of $1.54 million during the quarter.

Pacific Health Care Organization Company Profile

Pacific Health Care Organization, Inc, together with its subsidiaries, operates as a specialty workers' compensation cost containment company in the United States. It is involved in managing and administering health care organizations (HCOs) and medical provider networks (MPNs). The company also provides claims-related services, including utilization review, medical case management, medical bill review, employee advocate services, workers' compensation carve-outs, expert witness testimony, and Medicare set-aside services.