Short Interest in DocGo Inc. (NASDAQ:DCGO) Decreases By 8.8%

DocGo Inc. (NASDAQ:DCGO) was the recipient of a significant decrease in short interest in November. As of November 15th, there was short interest totalling 6,500,000 shares, a decrease of 8.8% from the October 31st total of 7,130,000 shares. Currently, 8.0% of the shares of the company are short sold. Based on an average daily volume of 524,600 shares, the days-to-cover ratio is currently 12.4 days.

DocGo Trading Up 0.7 %

Shares of NASDAQ DCGO traded up $0.03 during trading hours on Monday, reaching $4.36. The stock had a trading volume of 418,343 shares, compared to its average volume of 990,271. The business’s fifty day moving average price is $3.63 and its two-hundred day moving average price is $3.40. The firm has a market cap of $444.94 million, a price-to-earnings ratio of 15.50, a P/E/G ratio of 3.98 and a beta of 0.89. DocGo has a 52-week low of $2.75 and a 52-week high of $6.20.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DCGO. Needham & Company LLC reaffirmed a “buy” rating and set a $7.00 price target on shares of DocGo in a report on Thursday, August 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $5.00 target price on shares of DocGo in a report on Friday, September 20th. Five analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $6.10.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Isthmus Partners LLC boosted its holdings in DocGo by 32.4% in the second quarter. Isthmus Partners LLC now owns 799,296 shares of the company’s stock worth $25,000 after acquiring an additional 195,428 shares in the last quarter. nVerses Capital LLC raised its position in shares of DocGo by 151.5% in the 2nd quarter. nVerses Capital LLC now owns 8,300 shares of the company’s stock valued at $26,000 after purchasing an additional 5,000 shares during the last quarter. Gladius Capital Management LP acquired a new stake in DocGo in the 2nd quarter worth approximately $34,000. Nisa Investment Advisors LLC boosted its stake in DocGo by 693.2% in the 2nd quarter. Nisa Investment Advisors LLC now owns 12,089 shares of the company’s stock worth $37,000 after purchasing an additional 10,565 shares in the last quarter. Finally, Centiva Capital LP purchased a new stake in DocGo during the 3rd quarter worth approximately $43,000. 56.44% of the stock is currently owned by hedge funds and other institutional investors.

About DocGo

DocGo Inc provides mobile health and medical transportation services for various health care providers in the United States and the United Kingdom. The company's transportation services include emergency response services; and non-emergency transport services comprise ambulance and wheelchair transportation services.