GoHealth, Inc. (NASDAQ:GOCO) Sees Large Decline in Short Interest

GoHealth, Inc. (NASDAQ:GOCO) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 129,400 shares, a drop of 8.7% from the December 15th total of 141,700 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 38,900 shares, the days-to-cover ratio is currently 3.3 days.

GoHealth Stock Performance

GOCO opened at $13.74 on Friday. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.18 and a quick ratio of 1.18. The business’s 50-day moving average price is $12.54 and its two-hundred day moving average price is $11.05. The company has a market capitalization of $314.78 million, a price-to-earnings ratio of -3.93 and a beta of 1.64. GoHealth has a 1 year low of $7.27 and a 1 year high of $14.99.

Institutional Trading of GoHealth

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of GoHealth by 99.3% in the third quarter. JPMorgan Chase & Co. now owns 8,437 shares of the company’s stock valued at $79,000 after acquiring an additional 4,204 shares during the last quarter. Barclays PLC increased its position in shares of GoHealth by 83.9% in the third quarter. Barclays PLC now owns 9,580 shares of the company’s stock valued at $89,000 after acquiring an additional 4,372 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of GoHealth by 16.1% in the second quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock valued at $126,000 after acquiring an additional 1,802 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of GoHealth by 22.0% in the second quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock valued at $178,000 after acquiring an additional 3,300 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of GoHealth by 5.1% in the third quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock valued at $207,000 after acquiring an additional 1,072 shares during the last quarter. Institutional investors and hedge funds own 24.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reissued a “sector perform” rating and issued a $13.00 price target on shares of GoHealth in a research note on Monday, October 21st.

About GoHealth

GoHealth, Inc operates as a health insurance marketplace and Medicare-focused digital health company in the United States. The company operates a technology platform that leverages machine-learning algorithms of insurance behavioral data to optimize the process for helping individuals find the health insurance plan for their specific needs.