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

kopsource · Dec 30, 2022 22:41

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

Insider Activity at Assure

In other news, CEO John Farlinger purchased 70,615 shares of the business's stock in a transaction on Friday, November 18th. The shares were acquired at an average price of $0.60 per share, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO John C. Price bought 67,713 shares of the firm's stock in a transaction on Friday, November 18th. The stock was acquired at an average cost of $0.60 per share, with a total value 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 approximately $48,847.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John Farlinger bought 70,615 shares of the firm's stock in a transaction on Friday, November 18th. The stock was purchased at an average cost of $0.60 per share, with a total value of $42,369.00. Following the completion of the transaction, the chief executive officer now directly owns 220,847 shares of the company's stock, valued at $132,508.20. The disclosure for this purchase can be found here. 28.10% of the stock is owned by corporate insiders.

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Hedge Funds Weigh In On Assure

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

Analyst Ratings Changes

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

Assure Stock Down 7.0 %

Shares of IONM stock traded down $0.02 during midday trading on Friday, reaching $0.26. 340,766 shares of the stock were exchanged, compared to its average volume of 259,704. The company has a current ratio of 8.68, a quick ratio of 8.68 and a debt-to-equity ratio of 0.50. The company's 50 day moving average is $0.47 and its two-hundred day moving average is $0.91. Assure has a 1 year low of $0.24 and a 1 year high of $8.15. The firm has a market cap of $4.82 million, a PE ratio of -0.38 and a beta of 1.06.

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.