Stocks

InMode Ltd. (NASDAQ:INMD) Sees 6.0% Increase in Short Interest

Published February 19, 2025

InMode Ltd. (NASDAQ:INMD) experienced a significant rise in short interest during January. As of January 31st, the short interest stood at 6,050,000 shares, which marks a 6.0% increase from the prior total of 5,710,000 shares reported on January 15th. Given the average trading volume of 959,300 shares per day, the current short-interest ratio is calculated to be 6.3 days.

Analysts' Perspectives

Several analysts from equity research firms have recently commented on InMode's stock. Needham & Company LLC reaffirmed a "hold" rating for INMD shares in a report dated February 4th. Meanwhile, Barclays raised its price target on the stock from $26.00 to $29.00 and assigned an "overweight" rating in their analysis released on February 5th. Overall, three experts have rated the company as a hold, while two have given it a buy rating. According to MarketBeat, InMode currently holds a consensus rating of "Hold" with an average target price of $22.25.

Current Stock Performance

As for InMode's market activity, shares were down by 1.3% on a recent Monday, trading at $18.81. A total of 1,086,570 shares exchanged hands, surpassing the average trading volume of 866,573 shares. The company's 50-day moving average stands at $17.35, while the 200-day moving average is recorded at $17.23. The stock has fluctuated within a fifty-two week low of $14.87 and a high of $24.03. InMode's market capitalization is approximately $1.31 billion, with a price-to-earnings ratio of 8.00 and a beta of 2.13.

Institutional Ownership Dynamics

Recent movements among institutional investors and hedge funds reflect changes in their stakes in InMode. Nisa Investment Advisors LLC reported a notable increase, raising its stake by 314.7% during the third quarter. The firm now holds 3,550 shares valued at $60,000, following the acquisition of an additional 2,694 shares in that timeframe. Quarry LP also enhanced its holdings by 154.3%, now owning 3,781 shares worth $64,000 after adding 2,294 shares in the last quarter. Other institutional buyers include SBI Securities Co. Ltd., which entered a new position valued around $87,000, and Farther Finance Advisors LLC, increasing its stake by 26.2%. Covestor Ltd also expanded its interest by 13.9%, holding 5,936 shares valued at $99,000. Overall, institutional and hedge fund ownership constitutes 68.04% of InMode's stock.

Company Overview

InMode Ltd. designs, develops, manufactures, and markets minimally invasive aesthetic medical products, which are based on proprietary technologies involving radiofrequency-assisted lipolysis and deep subdermal fractional radiofrequency. The company's product line caters to various aesthetic procedures such as liposuction with simultaneous skin tightening, body and face contouring, and skin rejuvenation treatments. Additionally, their products are utilized in specific women’s health conditions.

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This report has been compiled using automated narrative science technology and financial data to ensure fast and accurate delivery. Editorial oversight was provided prior to publication.

Investment Considerations

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