Short Interest in Assure Holdings Corp. (NASDAQ:IONM) Rises By 213.3%

Defense World · Dec 29, 2022 02:21

Assure Holdings Corp. (NASDAQ:IONM – Get Rating) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 37,600 shares, a growth of 213.3% from the November 30th total of 12,000 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 106,300 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Roth Capital dropped their price target on Assure from $5.50 to $3.00 in a research note on Monday, November 28th.

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Assure Price Performance

IONM stock opened at $0.30 on Thursday. Assure has a 52 week low of $0.24 and a 52 week high of $8.15. The firm has a market capitalization of $5.55 million, a P/E ratio of -0.44 and a beta of 1.06. The company has a fifty day simple moving average of $0.48 and a two-hundred day simple moving average of $0.93. The company has a quick ratio of 8.68, a current ratio of 8.68 and a debt-to-equity ratio of 0.50.

Insider Buying and Selling

In other Assure news, CFO John C. Price acquired 67,713 shares of the stock in a transaction dated Friday, November 18th. The shares were acquired at an average cost of $0.60 per share, for a total transaction of $40,627.80. Following the completion of the transaction, the chief financial officer now directly owns 81,413 shares of the company's stock, valued at $48,847.80. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Assure news, CFO John C. Price purchased 67,713 shares of the stock in a transaction that occurred on Friday, November 18th. The shares were bought at an average cost of $0.60 per share, with a total value of $40,627.80. Following the acquisition, the chief financial officer now owns 81,413 shares in the company, valued at $48,847.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John Farlinger acquired 70,615 shares of the business's stock in a transaction on Friday, November 18th. The shares were bought at an average cost of $0.60 per share, with a total value of $42,369.00. Following the completion of the acquisition, the chief executive officer now owns 220,847 shares in the company, valued at $132,508.20. The disclosure for this purchase can be found here. 40.70% of the stock is currently owned by insiders.

Institutional Trading of Assure

A hedge fund recently bought a new stake in Assure stock. Empery Asset Management LP acquired a new position in shares of Assure Holdings Corp. (NASDAQ:IONM – Get Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 56,264 shares of the company's stock, valued at approximately $36,000. Empery Asset Management LP owned about 0.43% of Assure at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.57% of the company's stock.

Assure Company Profile

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Assure Holdings Corp., through its subsidiaries, provides technical and professional intraoperative neuromonitoring surgical support services primarily associated with spine and head surgeries. It delivers various clinical and operational services, including scheduling of the interoperative neurophysiologist and supervising practitioner, real time monitoring, patient advocacy, and billing services to support surgeons and medical facilities during invasive procedures.