Short Interest in OrthoPediatrics Corp. (NASDAQ:KIDS) Expands By 10.9%

OrthoPediatrics Corp. (NASDAQ:KIDS) saw a significant increase in short interest in 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 days-to-cover ratio is currently 4.3 days. Currently, 5.6% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Trust Point Inc. lifted its position in OrthoPediatrics by 10.0% in the third quarter. Trust Point Inc. now owns 8,532 shares of the company’s stock valued at $231,000 after purchasing an additional 773 shares during the period. Quarry LP acquired a new stake in shares of OrthoPediatrics in the 3rd quarter valued at approximately $25,000. International Assets Investment Management LLC boosted its stake in shares of OrthoPediatrics by 2,610.8% in the third quarter. International Assets Investment Management LLC now owns 1,003 shares of the company’s stock valued at $27,000 after buying an additional 966 shares in the last quarter. Quest Partners LLC acquired a new position in OrthoPediatrics during the second quarter worth $34,000. Finally, Creative Planning grew its holdings in OrthoPediatrics by 15.4% during the third quarter. Creative Planning now owns 10,130 shares of the company’s stock worth $275,000 after acquiring an additional 1,353 shares during the period. 69.05% of the stock is currently owned by institutional investors and hedge funds.

OrthoPediatrics Trading Up 2.4 %

Shares of OrthoPediatrics stock opened at $27.16 on Friday. OrthoPediatrics has a one year low of $21.02 and a one year high of $35.99. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.68 and a current ratio of 7.17. The firm has a fifty day moving average of $23.98 and a two-hundred day moving average of $27.34.

Analyst Upgrades and Downgrades

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

About OrthoPediatrics

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.