Is Buying Cantel Medical Corp (NYSE:CMD) Here Good Idea?

The stock of Cantel Medical Corp (NYSE:CMD) registered a decrease of 4.05% in short interest. CMD’s total short interest was 1.26M shares in June as published by FINRA. Its down 4.05% from 1.31M shares, reported previously. With 145,900 shares average volume, it will take short sellers 9 days to cover their CMD’s short positions. The short interest to Cantel Medical Corp’s float is 3.44%.

The stock increased 2.31% or $1.7 during the last trading session, reaching $75.32. About 283,679 shares traded. Cantel Medical Corp. (NYSE:CMD) has declined 45.90% since June 13, 2018 and is downtrending. It has underperformed by 50.33% the S&P500.

Cantel Medical Corp. provides infection prevention services and products for the healthcare market worldwide. The company has market cap of $3.13 billion. The firm operates through four divisions: Endoscopy, Water Purification and Filtration, Healthcare Disposables, and Dialysis. It has a 49.78 P/E ratio. The Endoscopy segment offers automated endoscope reprocessing systems; detergents; leak testing and manual cleaning products; storage cabinets; transport systems; mobile medical carts; endoscope process tracking products; other consumables, accessories, and supplies for use in disinfect rigid and flexible endoscopes, and other instrumentation; cleaning and disinfecting reusable components used in gastrointestinal endoscopy procedures; and technical maintenance services.

More notable recent Cantel Medical Corp. (NYSE:CMD) news were published by: Finance.Yahoo.com which released: “If You Had Bought Johnson Outdoors (NASDAQ:JOUT) Shares Five Years Ago You’d Have Made 295% – Yahoo Finance” on April 30, 2019, also Investorplace.com with their article: “20 Massively Underpriced Stocks Wall Street Expects to Soar – Investorplace.com” published on June 25, 2018, Seekingalpha.com published: “Buy Cantel Medical, A High-Quality Growth Story – Seeking Alpha” on June 18, 2018. More interesting news about Cantel Medical Corp. (NYSE:CMD) were released by: Prnewswire.com and their article: “Cantel Medical to Present at the Raymond James Life Sciences and MedTech Conference – PRNewswire” published on June 06, 2019 as well as Finance.Yahoo.com‘s news article titled: “Did Sotheby’s’s (NYSE:BID) Share Price Deserve to Gain 49%? – Yahoo Finance” with publication date: May 03, 2019.

Cantel Medical Corp. (NYSE:CMD) Institutional Positions Chart

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