Short Interest in Progressive Care, Inc. (OTCMKTS:RXMD) Grows By 900.0%

Progressive Care, Inc. (OTCMKTS:RXMD) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,000 shares, an increase of 900.0% from the March 31st total of 100 shares. Based on an average daily volume of 14,800 shares, the short-interest ratio is presently 0.1 days.

Progressive Care Trading Down 8.8 %

Shares of OTCMKTS RXMD traded down $0.17 during midday trading on Friday, hitting $1.76. The company’s stock had a trading volume of 100 shares, compared to its average volume of 3,377. The business’s 50 day moving average is $2.26 and its two-hundred day moving average is $3.00. Progressive Care has a 12-month low of $0.40 and a 12-month high of $6.05. The company has a current ratio of 1.72, a quick ratio of 1.47 and a debt-to-equity ratio of 0.04. The firm has a market cap of $10.98 million, a P/E ratio of -0.51 and a beta of -0.28.

Progressive Care (OTCMKTS:RXMD) last released its earnings results on Wednesday, April 10th. The company reported ($2.14) earnings per share for the quarter. Progressive Care had a negative return on equity of 108.32% and a negative net margin of 39.04%. The business had revenue of $14.42 million during the quarter.

Progressive Care Company Profile

Progressive Care, Inc operates as a healthcare services and technology company in south Florida. The company provides prescription pharmaceuticals; diagnostics and vaccinations; compounded medications; telepharmacy services; anti-retroviral medications; medication therapy management; and pharmacy services.