Viemed experiences significant increase in short interestViemed Healthcare, Inc. experiences significant increase in short interest while Director sells shares and TheStreet downgrades rating
https://beststocks.com/viemed-healthcare-inc-experiences-significant-in/
Director Nitin Kaushal has disclosed a recent transaction that involved selling a total of 12,087 shares of Viemed Healthcare’s stock. The sale was performed last March 17th with each share sold at an average price of $13.43 making for a total transaction amounting to $162,328.41 USD. Following this operation, Kaushal now owns 102,524 shares in the company valued at $1,376,897.32.
A director selling 10% of their stock holdings isn't usually alarming. They might need liquidity in their personal life.
In addition to these developments, there are reports that TheStreet has downgraded its rating of Viemed Healthcare from “b-” rating to “c” due to separate reasons as indicated in its latest report on May 31st.
Do you happen to know the reason for the downgrade?
And finally, is there any competitive bidding or change in compensation rates being decided that has people speculating with shorts? It doesn't look like the fundamentals has changed. Same inputs are now suddenly reaching a different decision?
What am I missing?