CRH Medical Co. (NYSEAMERICAN:CRHM) was the recipient of a large growth in short interest in October. As of October 31st, there was short interest totalling 1,331,365 shares, a growth of 11.0% from the October 13th total of 1,198,901 shares. Based on an average trading volume of 93,628 shares, the short-interest ratio is presently 14.2 days. Currently, 1.9% of the company’s stock are sold short.
A number of brokerages have recently issued reports on CRHM. Zacks Investment Research cut CRH Medical from a “hold” rating to a “sell” rating in a research note on Tuesday. Canaccord Genuity dropped their price objective on CRH Medical from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. National Bank Financial upgraded CRH Medical from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 4th. Scotiabank upgraded CRH Medical from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, July 24th. Finally, Royal Bank Of Canada upgraded CRH Medical from a “sector perform” rating to an “outperform” rating in a research note on Friday, July 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $7.83.
Shares of CRH Medical (NYSEAMERICAN:CRHM) opened at $1.70 on Thursday. CRH Medical has a 12 month low of $1.46 and a 12 month high of $9.25.
WARNING: This piece was first reported by Markets Daily and is owned by of Markets Daily. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.themarketsdaily.com/2017/11/16/crh-medical-co-crhm-sees-significant-increase-in-short-interest.html.
CRH Medical Company Profile
CRH Medical Corporation is a Canada-based healthcare products and services company. The Company focused on providing physicians with services and products for the treatment of gastrointestinal diseases. The Company also provides anesthesiology services to gastroenterologists in the United States through its subsidiaries.
Receive News & Ratings for CRH Medical Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CRH Medical Co. and related companies with MarketBeat.com's FREE daily email newsletter.