CLOV Sees a Decrease in Volume

During the last session 5M of Clover Health Investments, Corp. (NasdaqGS:CLOV)’s shares were traded. The stock closed at $2.83 per share indicating that it lost -$0.1 or -3.41% during that day which brings the Clover Health Investments, Corp.’s valuation to $1.27B.

The 52-week high for the Clover Health Investments, Corp.’s shares is $28.8500. That puts it -90.19% from that peak with a 52-week low of $1.9500, while the S&P 500’s share price change was of 1.60%.

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 5M, while in the last 10 days the average was 6.21M and last three months – 12.79M.

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 29.15M shares being shorted which translates into 2.97 of a short ratio for CLOV, while in the previous month the shorted shares were 32.84M.

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

With a market cap of 1.27B, Clover Health Investments, Corp. holds a total cash of $615.25M that translates into $1.3 per share, while the total debt is of $27.83M.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 121.60%. The current revenue is of $1.36B that is $3.30 per share.

This is a great sign for a bright future.

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