Short Interest in GoHealth, Inc. (NASDAQ:GOCO) Decreases By 8.7%

GoHealth, Inc. (NASDAQ:GOCO) was the recipient of a significant drop in short interest in 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. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 38,900 shares, the short-interest ratio is currently 3.3 days.

Institutional Trading of GoHealth

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its holdings in GoHealth by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock valued at $207,000 after purchasing an additional 1,072 shares during the last quarter. Bank of New York Mellon Corp grew its stake 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 buying an additional 1,802 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of GoHealth by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 103,735 shares of the company’s stock valued at $973,000 after buying an additional 3,205 shares during the period. Renaissance Technologies LLC lifted its stake in GoHealth by 22.0% during the 2nd quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock worth $178,000 after acquiring an additional 3,300 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in GoHealth by 99.3% during the 3rd 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 period. Hedge funds and other institutional investors own 24.21% of the company’s stock.

GoHealth Stock Up 1.6 %

Shares of GOCO opened at $13.74 on Monday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.72. GoHealth has a 52-week low of $7.27 and a 52-week high of $14.99. The stock has a fifty day simple moving average of $12.58 and a two-hundred day simple moving average of $11.08. The company has a market capitalization of $314.78 million, a PE ratio of -3.93 and a beta of 1.64.

Analyst Ratings Changes

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $13.00 price objective 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.