Radnet Short Interest Up 68.5% in April (RDNT)
Radnet (NASDAQ:RDNT) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 846,967 shares, a growth of 68.5% from the March 31st total of 502,638 shares, AR Network reports. Based on an average daily volume of 941,559 shares, the short-interest ratio is currently 0.9 days. Currently, 2.9% of the shares of the company are short sold.
Separately, analysts at Zacks upgraded shares of Radnet from an “underperform” rating to a “neutral” rating in a research note on Tuesday, February 18th. They now have a $2.00 price target on the stock.
Shares of Radnet (NASDAQ:RDNT) opened at 4.95 on Monday. Radnet has a 1-year low of $1.50 and a 1-year high of $5.25. The stock has a 50-day moving average of $3.78 and a 200-day moving average of $2.45. The company has a market cap of $203.4 million and a price-to-earnings ratio of 95.40.
Radnet (NASDAQ:RDNT) last posted its quarterly earnings results on Monday, March 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $172.97 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. Analysts expect that Radnet will post $0.06 EPS for the current fiscal year.
RadNet, Inc (NASDAQ:RDNT) operates a group of regional networks comprising 180 diagnostic imaging facilities located in seven states with operations in California, Maryland, the Treasure Coast area of Florida, Kansas, Delaware, New Jersey and the Finger Lakes (Rochester) and Hudson Valley areas of New York.
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