OrthoPediatrics Corp. (NASDAQ:KIDS) Short Interest Up 10.9% in December

OrthoPediatrics Corp. (NASDAQ:KIDS) saw a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 912,100 shares, an increase of 10.9% from the December 15th total of 822,400 shares. Based on an average daily volume of 211,000 shares, the short-interest ratio is presently 4.3 days. Currently, 5.6% of the company’s shares are short sold.

OrthoPediatrics Trading Up 2.4 %

KIDS traded up $0.63 during trading on Friday, hitting $27.16. 481,435 shares of the stock traded hands, compared to its average volume of 238,061. The firm has a market capitalization of $657.82 million, a P/E ratio of -22.08 and a beta of 1.14. OrthoPediatrics has a 12-month low of $21.02 and a 12-month high of $35.99. The company has a debt-to-equity ratio of 0.19, a current ratio of 7.17 and a quick ratio of 3.68. The firm has a 50-day moving average of $23.98 and a 200 day moving average of $27.34.

Institutional Trading of OrthoPediatrics

A number of institutional investors have recently modified their holdings of KIDS. Wellington Management Group LLP increased its holdings in OrthoPediatrics by 16.2% during the 3rd quarter. Wellington Management Group LLP now owns 883,221 shares of the company’s stock valued at $23,944,000 after purchasing an additional 122,846 shares during the period. State Street Corp increased its stake in shares of OrthoPediatrics by 1.0% during the third quarter. State Street Corp now owns 417,898 shares of the company’s stock valued at $11,329,000 after buying an additional 4,236 shares during the period. Geode Capital Management LLC increased its stake in shares of OrthoPediatrics by 2.1% during the third quarter. Geode Capital Management LLC now owns 391,492 shares of the company’s stock valued at $10,615,000 after buying an additional 7,972 shares during the period. Portolan Capital Management LLC raised its holdings in shares of OrthoPediatrics by 66.2% during the third quarter. Portolan Capital Management LLC now owns 308,099 shares of the company’s stock valued at $8,353,000 after acquiring an additional 122,770 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in OrthoPediatrics by 1.9% in the fourth quarter. Harbor Capital Advisors Inc. now owns 251,588 shares of the company’s stock worth $5,832,000 after acquiring an additional 4,728 shares during the period. 69.05% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on KIDS. Needham & Company LLC reissued a “buy” rating and issued a $42.00 price target on shares of OrthoPediatrics in a research note on Tuesday, January 14th. Truist Financial lowered their target price on OrthoPediatrics from $28.00 to $25.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th.

OrthoPediatrics Company Profile

OrthoPediatrics Corp., a medical device company, engages in designing, developing, and marketing anatomically appropriate implants, instruments, and specialized braces for children with orthopedic conditions in the United States and internationally. The company offers pediatric trauma and deformity correction products; scoliosis procedures for the treatment of spinal deformity; and sports medicine and other products.