Amid Red Market: CLOV Gains 0.93%

The CLOV stock price fluctuated between $5.29 and $5.57 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 21M shares.

The share price of Clover Health Investments, Corp. (NasdaqGS:CLOV) ran up 0.93% to close Friday’s market session at $5.41, higher as compared to yesterday’s close which brings the market valuation of the company to $2.56B.

The 52-week high for the Clover Health Investments, Corp.’s shares is $28.85. That puts it -81.25% from that peak with a 52-week low of $5.15, while the S&P 500’s share price change was of 26.87%.

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 12M, while in the last 10 days the average was 27.16M and last three months – 20.8M.

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 31.94M shares being shorted which translates into 2.8 of a short ratio for CLOV, while in the previous month the shorted shares were 29.16M.

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

With a market cap of 2.56B, 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.