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

Aveanna Healthcare Holdings Inc. (NASDAQ:AVAH) was the target of a large increase in short interest in the month of 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. Based on an average daily volume of 311,600 shares, the short-interest ratio is currently 3.8 days. Currently, 2.1% of the shares of the company are short sold.

Institutional Investors Weigh In On Aveanna Healthcare

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

Aveanna Healthcare Price Performance

Shares of NASDAQ:AVAH traded down $0.04 during midday trading on Tuesday, hitting $4.93. The company had a trading volume of 18,750 shares, compared to its average volume of 199,387. The company has a market cap of $952.60 million, a price-to-earnings ratio of -14.62 and a beta of 2.20. The company has a fifty day moving average of $5.29 and a two-hundred day moving average of $4.50. Aveanna Healthcare has a 12-month low of $2.00 and a 12-month high of $6.19.

Aveanna Healthcare (NASDAQ:AVAH) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.03. The firm had revenue of $509.02 million during the quarter, compared to analysts’ expectations of $495.80 million. During the same period last year, the company earned ($0.05) earnings per share. Research analysts expect that Aveanna Healthcare will post -0.08 earnings per share for the current fiscal 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.