CLOV’s MCR of 111% Is Set to Drop

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The CLOV stock price fluctuated between $7.23 and $7.55 throughout the trading session with the volume trading being 12M shares, which represented a negative variation when compared to the three months average volume of 29M shares.

The share price of Clover Health Investments, Corp. (NasdaqGS:CLOV) dipped -0.14% to close Friday’s market session at $7.39, lower as compared to yesterday’s close which brings the market valuation of the company to $3B.

The 52-week high for the Clover Health Investments, Corp.’s shares is $28.85. That puts it -74.38% from that and close to a 52-week low of $6.31, while the S&P 500’s share price change was of 33%.

What does the trading volume tell us about the CLOV stock?

During the last trading session, Clover Health Investments, Corp. (NasdaqGS:CLOV) has seen growth in its daily volume. The daily volume was of 29M, while in the last 10 days the average was 18.33M and last three months – 29.25M.

Growing short interest

The Clover Health Investments, Corp.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 40.46M shares being shorted which translates into 1.07 of a short ratio for CLOV, while in the previous month the shorted shares were 38.7M.

Clover Health Investments, Corp.’s (NasdaqGS:CLOV) financials

With a market cap of 3B, Clover Health Investments, Corp. holds a total cash of $684.57M that translates into $1.68 per share, while the total debt is of $55.94M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 18.00%. The current revenue is of $720.55M that is $6.27 per share.

This is a great sign for a bright future.