The CLOV stock price fluctuated between $5.67 and $5.87 throughout the trading session with the volume trading being 30M shares, which represented a positive variation when compared to the three months average volume of 21M shares.
The share price of Clover Health Investments, Corp. (NasdaqGS:CLOV) ran up 2.5% to close Friday’s market session at $5.75, higher as compared to yesterday’s close which brings the market valuation of the company to $2.70B.
The 52-week high for the Clover Health Investments, Corp.’s shares is $28.85. That puts it -80.07% from that peak with a 52-week low of $5.54, while the S&P 500’s share price change was of 31.32%.
What does the trading volume tell us about the CLOV stock?
During the last trading session, Clover Health Investments, Corp. (NasdaqGS:CLOV) has seen decay in its daily volume. The daily volume was of 21M, while in the last 10 days the average was 26.42M and last three months – 21.12M.
Shrinking short interest
The Clover Health Investments, Corp.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 29.16M shares being shorted which translates into 2.53 of a short ratio for CLOV, while in the previous month the shorted shares were 31.83M.
Clover Health Investments, Corp.’s (NasdaqGS:CLOV) financials
With a market cap of 2.70B, Clover Health Investments, Corp. holds a total cash of $442.1M that translates into $1.05 per share, while the total debt is of $28.48M.
The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 139.30%. The current revenue is of $1.16B that is $4.07 per share.
This is a great sign for a bright future.