Short Interest in The Joint Corp. (NASDAQ:JYNT) Rises By 9.2%

The Joint Corp. (NASDAQ:JYNT) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 528,100 shares, a growth of 9.2% from the September 30th total of 483,800 shares. Based on an average trading volume of 49,100 shares, the short-interest ratio is presently 10.8 days.

Institutional Investors Weigh In On Joint

Several large investors have recently made changes to their positions in JYNT. Los Angeles Capital Management LLC acquired a new position in Joint during the second quarter worth $1,115,000. Clayton Partners LLC boosted its holdings in Joint by 38.1% during the second quarter. Clayton Partners LLC now owns 186,500 shares of the company’s stock worth $2,622,000 after purchasing an additional 51,500 shares during the last quarter. Ancora Advisors LLC boosted its holdings in Joint by 105.0% during the first quarter. Ancora Advisors LLC now owns 99,212 shares of the company’s stock worth $1,296,000 after purchasing an additional 50,815 shares during the last quarter. First Foundation Advisors boosted its holdings in Joint by 18.8% during the first quarter. First Foundation Advisors now owns 209,301 shares of the company’s stock worth $2,733,000 after purchasing an additional 33,104 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Joint by 5.5% during the second quarter. Renaissance Technologies LLC now owns 394,478 shares of the company’s stock worth $5,546,000 after purchasing an additional 20,400 shares during the last quarter. Institutional investors own 76.88% of the company’s stock.

Joint Trading Down 1.2 %

Shares of JYNT stock traded down $0.14 during trading hours on Wednesday, hitting $11.20. 17,759 shares of the company were exchanged, compared to its average volume of 68,873. The business has a 50 day moving average of $11.24 and a two-hundred day moving average of $13.01. Joint has a 52 week low of $7.31 and a 52 week high of $17.82. The company has a market capitalization of $167.71 million, a PE ratio of -15.12 and a beta of 1.57.

Joint (NASDAQ:JYNT) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Joint had a positive return on equity of 2.17% and a negative net margin of 12.00%. The company had revenue of $30.26 million for the quarter, compared to the consensus estimate of $29.65 million. On average, research analysts forecast that Joint will post 0.13 EPS for the current year.

About Joint

The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.