Skylight Health Group Inc. (NASDAQ:SLHG – Get Rating) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totalling 153,700 shares, a decrease of 25.6% from the April 15th total of 206,600 shares. Based on an average daily volume of 119,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.5% of the company’s stock are sold short.
NASDAQ:SLHG traded down $0.02 during midday trading on Tuesday, reaching $0.62. The stock had a trading volume of 10,907 shares, compared to its average volume of 246,534. Skylight Health Group has a 1-year low of $0.55 and a 1-year high of $6.25. The firm’s fifty day simple moving average is $0.98 and its 200-day simple moving average is $1.23. The stock has a market capitalization of $24.52 million and a P/E ratio of -2.51.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Penserra Capital Management LLC grew its position in Skylight Health Group by 23.6% in the 4th quarter. Penserra Capital Management LLC now owns 168,308 shares of the company’s stock worth $220,000 after purchasing an additional 32,084 shares during the last quarter. Raymond James & Associates acquired a new stake in Skylight Health Group in the 1st quarter worth $90,000. HighTower Advisors LLC acquired a new stake in Skylight Health Group in the 1st quarter worth $63,000. Citadel Advisors LLC acquired a new stake in Skylight Health Group in the 4th quarter worth $64,000. Finally, Royal Bank of Canada acquired a new stake in Skylight Health Group in the 2nd quarter worth $63,000. Institutional investors own 0.74% of the company’s stock.
Skylight Health Group Company Profile (Get Rating)
Skylight Health Group Inc operates as a healthcare services and technology company in the United States, Canada, the United Kingdom, and Colombia. It operates the US multi-state primary care health network, which provides a range of services from primary care, sub-specialty, allied health, and laboratory/diagnostic testing.
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