Short Interest in InfuSystem Holdings Inc (INFU) Drops By 66.6%
InfuSystem Holdings Inc (NYSE:INFU) was the target of a significant drop in short interest in the month of May. As of May 31st, there was short interest totalling 10,975 shares, a drop of 66.6% from the May 15th total of 32,828 shares. Based on an average daily volume of 132,249 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.
InfuSystem Holdings (INFU) opened at 1.55 on Friday. The stock’s market cap is $35.27 million. InfuSystem Holdings has a 1-year low of $1.20 and a 1-year high of $3.48. The stock has a 50 day moving average of $1.72 and a 200 day moving average of $2.09.
InfuSystem Holdings (NYSE:INFU) last issued its earnings results on Wednesday, March 22nd. The medical instruments supplier reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.08. InfuSystem Holdings had a negative return on equity of 11.82% and a negative net margin of 8.37%. The firm had revenue of $16.85 million for the quarter. Equities analysts expect that InfuSystem Holdings will post $0.24 earnings per share for the current year.
In other InfuSystem Holdings news, Director Ryan J. Morris acquired 94,200 shares of the stock in a transaction dated Friday, March 24th. The stock was acquired at an average price of $2.14 per share, with a total value of $201,588.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ryan J. Morris acquired 21,651 shares of the stock in a transaction dated Monday, March 27th. The stock was acquired at an average cost of $2.20 per share, with a total value of $47,632.20. The disclosure for this purchase can be found here. In the last three months, insiders bought 186,779 shares of company stock valued at $352,147.
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About InfuSystem Holdings
InfuSystem Holdings, Inc is a provider of infusion pumps and related products and services for patients in the home, oncology clinics, ambulatory surgery centers and other sites of care. The Company delivers local, field-based customer support and also operates pump service and repair Centers of Excellence in Michigan, Kansas, California, Texas and Ontario, Canada.
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