Posted by admin on May 27th, 2022

Allied Healthcare Products, Inc. (NASDAQ:AHPI – Get Rating) was the recipient of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totalling 27,600 shares, a decrease of 53.5% from the April 30th total of 59,300 shares. Based on an average daily trading volume, of 106,700 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.8% of the company’s stock are short sold.

Shares of Allied Healthcare Products stock opened at $2.07 on Friday. The company has a market cap of $8.30 million, a price-to-earnings ratio of -4.40 and a beta of -3.84. The company’s 50 day moving average is $2.64 and its 200 day moving average is $3.82. Allied Healthcare Products has a twelve month low of $1.72 and a twelve month high of $16.41.

A number of research firms have recently commented on AHPI. StockNews.com began coverage on shares of Allied Healthcare Products in a report on Wednesday. They set a “sell” rating on the stock. TheStreet downgraded shares of Allied Healthcare Products from a “c” rating to a “d” rating in a research report on Wednesday, February 16th.

A number of institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in Allied Healthcare Products by 14.4% during the first quarter. Renaissance Technologies LLC now owns 62,700 shares of the medical equipment provider’s stock valued at $201,000 after purchasing an additional 7,900 shares during the period. Dimensional Fund Advisors LP bought a new position in Allied Healthcare Products in the fourth quarter worth approximately $249,000. Schonfeld Strategic Advisors LLC bought a new position in Allied Healthcare Products in the third quarter worth approximately $117,000. Finally, Squarepoint Ops LLC bought a new position in Allied Healthcare Products in the third quarter worth approximately $80,000.

About Allied Healthcare Products (Get Rating)

Allied Healthcare Products, Inc manufactures and markets respiratory products for use in the health care industry in a range of hospitals and alternate site settings worldwide. The company offers respiratory care/anesthesia products, including air compressors, calibration equipment, humidifiers, croup tents, and equipment dryers, as well as respiratory disposable products, such as oxygen tubing products, facemasks, cannulas, and ventilator circuits; and home respiratory care products comprising aluminum oxygen cylinders, oxygen regulators, pneumatic nebulizers, portable suction equipment, and a line of respiratory disposable products.

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