FONAR Co. (NASDAQ:FONR) Short Interest Update

FONAR Co. (NASDAQ:FONR - Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 8,500 shares, a decline of 14.1% from the March 15th total of 9,900 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily trading volume, of 19,000 shares, the days-to-cover ratio is presently 0.4 days.

FONAR Trading Down 2.7 %

NASDAQ:FONR traded down $0.48 during trading hours on Friday, reaching $17.16. 19,874 shares of the company traded hands, compared to its average volume of 18,204. The business's 50-day moving average price is $21.44 and its two-hundred day moving average price is $18.82. The stock has a market capitalization of $108.59 million, a P/E ratio of 9.33 and a beta of 1.12. FONAR has a 1 year low of $12.13 and a 1 year high of $24.05.

FONAR (NASDAQ:FONR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The medical equipment provider reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $25.39 million during the quarter. FONAR had a return on equity of 8.47% and a net margin of 12.63%.

Institutional Trading of FONAR

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of FONAR by 0.6% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 633,606 shares of the medical equipment provider's stock worth $10,264,000 after purchasing an additional 3,869 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of FONAR by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 409,855 shares of the medical equipment provider's stock worth $7,008,000 after acquiring an additional 1,789 shares during the period. Vanguard Group Inc. grew its holdings in shares of FONAR by 4.4% in the fourth quarter. Vanguard Group Inc. now owns 390,345 shares of the medical equipment provider's stock worth $7,635,000 after acquiring an additional 16,486 shares during the period. Money Concepts Capital Corp grew its holdings in shares of FONAR by 1.3% in the third quarter. Money Concepts Capital Corp now owns 311,822 shares of the medical equipment provider's stock worth $4,802,000 after acquiring an additional 3,870 shares during the period. Finally, Acuitas Investments LLC bought a new stake in shares of FONAR in the fourth quarter worth $4,277,000. Institutional investors own 50.64% of the company's stock.

About FONAR

FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services.