Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) Sees Significant Growth in Short Interest

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) saw a large increase in short interest in November. As of November 30th, there was short interest totalling 1,180,000 shares, an increase of 6.3% from the November 15th total of 1,110,000 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 311,600 shares, the days-to-cover ratio is presently 3.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in Aveanna Healthcare during the 3rd quarter worth $69,000. XTX Topco Ltd acquired a new position in shares of Aveanna Healthcare during the 3rd quarter worth about $92,000. Virtu Financial LLC bought a new stake in Aveanna Healthcare during the 3rd quarter valued at approximately $99,000. SG Americas Securities LLC acquired a new stake in Aveanna Healthcare in the 3rd quarter valued at approximately $101,000. Finally, Mackenzie Financial Corp increased its position in Aveanna Healthcare by 35.9% in the 2nd quarter. Mackenzie Financial Corp now owns 45,674 shares of the company’s stock worth $126,000 after buying an additional 12,075 shares during the period. Institutional investors and hedge funds own 87.96% of the company’s stock.

Aveanna Healthcare Stock Performance

Shares of NASDAQ AVAH traded down $0.04 during mid-day trading on Friday, reaching $5.03. The company had a trading volume of 133,740 shares, compared to its average volume of 200,241. Aveanna Healthcare has a twelve month low of $2.00 and a twelve month high of $6.19. The stock’s 50 day moving average is $5.28 and its 200-day moving average is $4.47. The stock has a market capitalization of $971.92 million, a PE ratio of -14.79 and a beta of 2.20.

Aveanna Healthcare (NASDAQ:AVAH) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.03. The business had revenue of $509.02 million for the quarter, compared to analyst estimates of $495.80 million. During the same quarter last year, the company earned ($0.05) EPS. On average, sell-side analysts anticipate that Aveanna Healthcare will post -0.08 EPS for the current year.

Aveanna Healthcare Company Profile

Aveanna Healthcare Holdings Inc, a diversified home care platform company, provides pediatric and adult healthcare services in the United States. Its patient-centered care delivery platform allows patients to remain in their homes and minimizes the overutilization of high-cost care settings, such as hospitals or skilled nursing facilities.