Cano Health, Inc. (NYSE:CANO – Get Rating) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 28,030,000 shares, an increase of 7.2% from the February 13th total of 26,140,000 shares. Approximately 15.8% of the shares of the company are sold short. Based on an average daily volume of 9,040,000 shares, the short-interest ratio is currently 3.1 days.
Institutional Investors Weigh In On Cano Health
A number of hedge funds and other institutional investors have recently bought and sold shares of CANO. Raymond James & Associates grew its position in shares of Cano Health by 12.1% in the first quarter. Raymond James & Associates now owns 125,611 shares of the company’s stock valued at $798,000 after purchasing an additional 13,593 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Cano Health by 18.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 169,145 shares of the company’s stock worth $1,074,000 after buying an additional 26,550 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Cano Health by 19.2% during the 1st quarter. Bank of New York Mellon Corp now owns 78,241 shares of the company’s stock worth $497,000 after acquiring an additional 12,578 shares during the period. HighTower Advisors LLC bought a new position in Cano Health in the 1st quarter valued at $129,000. Finally, Allianz Asset Management GmbH purchased a new position in shares of Cano Health during the 1st quarter valued at $2,268,000. Institutional investors own 25.56% of the company’s stock.
Cano Health Stock Performance
Shares of CANO stock traded down $0.07 during trading on Friday, reaching $1.10. 2,687,728 shares of the company’s stock traded hands, compared to its average volume of 8,772,491. The firm’s 50-day moving average is $1.44 and its 200 day moving average is $3.26. The company has a market capitalization of $541.46 million, a P/E ratio of -1.29 and a beta of 0.08. Cano Health has a 1 year low of $0.98 and a 1 year high of $9.75. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 1.17.
Wall Street Analyst Weigh In
Cano Health Company Profile
Cano Health, Inc provides primary care medical services to its members in the United States and Puerto Rico. It owns and operates medical centers enabled by CanoPanorama, a proprietary population health management technology-powered platform that provides the healthcare providers at its medical centers with a 360-degree view of their members with actionable insights to improve care decisions and member engagement.
- Get a free copy of the StockNews.com research report on Cano Health (CANO)
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
- Europe Raises Interest Rates, Should the Fed Follow?
- PacWest Bancorp May Escape a Credit Downgrade After this Happens
Receive News & Ratings for Cano Health Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cano Health and related companies with MarketBeat.com's FREE daily email newsletter.