The CLOV stock price fluctuated between $2.41 and $2.62 throughout the trading session with the volume trading being 11M shares, which represented a negative variation when compared to the three months average volume of 13M shares.
The share price of Clover Health Investments, Corp. (NasdaqGS:CLOV) dipped -10.41% to close Monday’s market session at $2.41, lower as compared to yesterday’s close which brings the market valuation of the company to $1.34B.
The 52-week high for the Clover Health Investments, Corp.’s shares is $28.8500. That puts it -91.65% from that peak with a 52-week low of $1.9500, while the S&P 500’s share price change was of -3.87%.
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 11M, while in the last 10 days the average was 6.17M and last three months – 12.74M.
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.’s (NasdaqGS:CLOV) financials
With a market cap of 1.34B, 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.