Short Interest in Sharecare, Inc. (NASDAQ:SHCR) Expands By 71.9%

Sharecare, Inc. (NASDAQ:SHCR) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 11,790,000 shares, an increase of 71.9% from the March 31st total of 6,860,000 shares. Based on an average trading volume of 1,840,000 shares, the short-interest ratio is currently 6.4 days. Currently, 4.2% of the company’s stock are sold short.

Sharecare Trading Up 9.0 %

Shares of NASDAQ:SHCR opened at $0.81 on Friday. The company has a market capitalization of $290.44 million, a PE ratio of -2.19 and a beta of 0.26. Sharecare has a 12-month low of $0.48 and a 12-month high of $1.80. The business’s fifty day simple moving average is $0.85 and its 200-day simple moving average is $0.98.

Sharecare (NASDAQ:SHCR) last posted its earnings results on Thursday, March 28th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The company had revenue of $105.28 million during the quarter, compared to analysts’ expectations of $113.88 million. Sharecare had a negative net margin of 28.86% and a negative return on equity of 17.11%. Research analysts predict that Sharecare will post -0.21 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in Sharecare by 19.2% in the third quarter. Harbor Capital Advisors Inc. now owns 68,992 shares of the company’s stock valued at $65,000 after acquiring an additional 11,112 shares in the last quarter. Pennsylvania Capital Management Inc. ADV purchased a new position in Sharecare during the 3rd quarter worth $6,252,000. Principal Financial Group Inc. grew its stake in Sharecare by 30.4% during the 3rd quarter. Principal Financial Group Inc. now owns 42,937 shares of the company’s stock worth $40,000 after buying an additional 9,999 shares during the last quarter. Boston Partners increased its position in Sharecare by 25.3% during the 3rd quarter. Boston Partners now owns 329,820 shares of the company’s stock valued at $310,000 after buying an additional 66,554 shares in the last quarter. Finally, Swiss National Bank raised its stake in Sharecare by 7.6% in the third quarter. Swiss National Bank now owns 667,733 shares of the company’s stock valued at $628,000 after buying an additional 47,200 shares during the last quarter. Hedge funds and other institutional investors own 35.08% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SHCR shares. BTIG Research lowered shares of Sharecare from a “buy” rating to a “neutral” rating in a report on Monday, April 1st. Morgan Stanley cut their price objective on shares of Sharecare from $1.50 to $1.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th.

About Sharecare

Sharecare, Inc operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations, and communities that optimize individual and population-wide well-being. The company offers enterprise solutions based on a software-as-a-service model that allows enterprise clients to message, motivate, and manage their populations, as well as measure their population progress; a suite of data and information-driven solutions; and life sciences solutions, which provides members with personalized information, programs, and resources to enhance their health and well-being.