Novo Integrated Sciences, Inc. (NASDAQ:NVOS) sees big growth in near-term interest

Novo Integrated Sciences, Inc. (NASDAQ:NVOS – Get Rating) was the target of a significant spike in short interest in the month of April. On April 15, there was short interest totaling 297,600 shares, up 79.5% from March 31 of a total of 165,800 shares. Currently, 3.3% of the company’s shares are shorted. Based on an average daily volume of 66,500 shares, the days-to-cover ratio is currently 4.5 days.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new interest in Novo Integrated Sciences for approximately $30,000 during the second quarter. Millennium Management LLC acquired a new interest in Novo Integrated Sciences stock valued at approximately $111,000 during the second quarter. Finally, Morgan Stanley acquired a new stake in Novo Integrated Sciences stock valued at approximately $288,000 during the second quarter. 12.48% of the shares are currently owned by institutional investors and hedge funds.

NASDAQ NVOs opened at $2.29 on Friday. The company has a market cap of $68.53 million, a P/E of -6.74 and a beta of -0.24. Novo Integrated Sciences has a 52-week low of $1.02 and a 52-week high of $3.32. The company has a quick ratio of 1.62, a current ratio of 1.65 and a debt to equity ratio of 0.24. The company’s 50-day simple moving average is $2.14 and its 200-day simple moving average is $1.69.

Company Profile of Novo Integrated Sciences (get rating)

Novo Integrated Sciences, Inc, along with its subsidiaries, provides multidisciplinary primary care products and services. It operates through two segments, healthcare services and product manufacturing and development. The company offers Physical Therapy, Chiropractic, Manual/Manipulative Therapy, Occupational Therapy, Elderly Care, Massage Therapy, Acupuncture and Functional Dry Needling, Podiatry, Stroke and Traumatic Brain Injury/Neurological Rehabilitation, Kinesiology, Vestibular Therapy, Concussion Management and Basic Testing, Trauma Sensitive Yoga and Meditation Concussion Brain Injuries and Work-Related Stress PTSD, Women’s Pelvic Health Program, Sports Medicine Therapy, Assistive Devices, Nutritionist, Holistic Nutrition, Fall Prevention Training, Sports Team Training Program and Private Personal Training Services.

Further reading

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