Should You Buy Streamline Health Solutions Inc. (STRM)?

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As industrywide interest jumped, some big names have jumped into Streamline Health Solutions Inc. (NASDAQ:STRM) headfirst. Nantahala Capital Management initiated the most valuable position in Streamline Health Solutions Inc. (NASDAQ:STRM). Nantahala Capital Management had $1.3 million invested in the company at the end of the quarter.

Let’s go over hedge fund activity in other stocks similar to Streamline Health Solutions Inc. (NASDAQ:STRM). We will take a look at Dover Downs Gaming & Entertainment, Inc. (NYSE:DDE), OpGen Inc (NASDAQ:OPGN), Neovasc Inc. (NASDAQ:NVCN), and Vertex Energy Inc (NASDAQ:VTNR). This group of stocks’ market caps resemble STRM’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
DDE 4 2296 0
OPGN 3 3724 -1
NVCN 5 864 -1
VTNR 4 4070 1

As you can see these stocks had an average of 4 hedge funds with bullish positions and the average amount invested in these stocks was $3 million. That figure was $6 million in STRM’s case. Neovasc Inc. (NASDAQ:NVCN) is the most popular stock in this table. On the other hand OpGen Inc (NASDAQ:OPGN) is the least popular one with only 3 bullish hedge fund positions. Compared to these stocks Streamline Health Solutions Inc. (NASDAQ:STRM) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

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Disclosure: None




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