Assure Holdings Corp. (NASDAQ:IONM) Sees Significant Growth in Short Interest

kopsource · Mar 10, 2023 12:22

Assure Holdings Corp. (NASDAQ:IONM – Get Rating) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 3,600 shares, a growth of 140.0% from the February 13th total of 1,500 shares. Based on an average daily trading volume, of 37,500 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock are sold short.

Analysts Set New Price Targets

Separately, Roth Capital lowered their price target on Assure from $110.00 to $60.00 in a research report on Monday, November 28th.

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Insider Buying and Selling at Assure

In other Assure news, major shareholder Preston T. Parsons sold 4,950 shares of the firm's stock in a transaction on Friday, January 6th. The stock was sold at an average price of $5.80, for a total transaction of $28,710.00. Following the completion of the transaction, the insider now owns 198,849 shares of the company's stock, valued at $1,153,324.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 15,975 shares of company stock valued at $91,855. 28.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Assure

An institutional investor recently bought a new position in Assure stock. Empery Asset Management LP acquired a new position in Assure Holdings Corp. (NASDAQ:IONM – Get Rating) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 56,264 shares of the company's stock, valued at approximately $36,000. Empery Asset Management LP owned approximately 0.43% of Assure as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 6.57% of the company's stock.

Assure Stock Down 8.7 %

Shares of IONM traded down $0.43 during trading hours on Friday, hitting $4.49. The company had a trading volume of 20,293 shares, compared to its average volume of 50,794. The firm has a fifty day moving average price of $6.10 and a 200-day moving average price of $10.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 8.68 and a current ratio of 8.68. The stock has a market capitalization of $4.72 million, a price-to-earnings ratio of -0.36 and a beta of 1.33. Assure has a 52-week low of $3.99 and a 52-week high of $163.00.

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.