Option Care Health, Inc. (NASDAQ:OPCH) Short Interest Down 14.9% in June

Option Care Health, Inc. (NASDAQ:OPCH) saw a significant drop in short interest in June. As of June 15th, there was short interest totalling 6,150,000 shares, a drop of 14.9% from the May 31st total of 7,230,000 shares. Based on an average daily trading volume, of 1,290,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 3.6% of the shares of the company are sold short.

Institutional Trading of Option Care Health

Several large investors have recently bought and sold shares of OPCH. Principal Securities Inc. acquired a new stake in Option Care Health in the fourth quarter valued at about $27,000. Parallel Advisors LLC boosted its stake in Option Care Health by 130.2% in the fourth quarter. Parallel Advisors LLC now owns 845 shares of the company’s stock valued at $28,000 after buying an additional 478 shares in the last quarter. TFO Wealth Partners LLC boosted its stake in Option Care Health by 24,625.0% in the fourth quarter. TFO Wealth Partners LLC now owns 989 shares of the company’s stock valued at $33,000 after buying an additional 985 shares in the last quarter. Park Place Capital Corp boosted its stake in Option Care Health by 48.4% in the first quarter. Park Place Capital Corp now owns 1,140 shares of the company’s stock valued at $38,000 after buying an additional 372 shares in the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in Option Care Health in the first quarter valued at about $85,000. 98.05% of the stock is owned by institutional investors and hedge funds.

Option Care Health Price Performance

Shares of Option Care Health stock traded down $0.36 on Monday, reaching $27.34. 2,140,646 shares of the stock were exchanged, compared to its average volume of 1,352,603. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.39 and a current ratio of 1.77. The firm has a market cap of $4.75 billion, a PE ratio of 17.99, a P/E/G ratio of 1.35 and a beta of 1.31. The firm’s 50 day moving average is $29.20 and its 200-day moving average is $31.24. Option Care Health has a one year low of $26.17 and a one year high of $35.74.

Option Care Health (NASDAQ:OPCH) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. Option Care Health had a net margin of 6.15% and a return on equity of 18.92%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $0.21 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. As a group, analysts anticipate that Option Care Health will post 1.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group lifted their target price on Option Care Health from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, March 4th. Barrington Research reissued an “outperform” rating and set a $38.00 target price on shares of Option Care Health in a report on Wednesday, April 24th.

About Option Care Health

Option Care Health, Inc offers home and alternate site infusion services in the United States. The company provides anti-infective therapies; home infusion services to treat heart failures; home parenteral nutrition and enteral nutrition support services for numerous acute and chronic conditions, such as stroke, cancer, and gastrointestinal diseases; immunoglobulin infusion therapies for the treatment of immune deficiencies; and treatments for chronic inflammatory disorders, including crohn's disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.