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

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

GoHealth Trading Up 1.6 %

Shares of NASDAQ:GOCO opened at $13.74 on Friday. GoHealth has a 12-month low of $7.27 and a 12-month high of $14.99. The stock has a market cap of $314.78 million, a PE ratio of -3.93 and a beta of 1.64. The business has a 50 day moving average of $12.54 and a 200-day moving average of $11.05. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.72.

Institutional Investors Weigh In On GoHealth

A number of institutional investors have recently made changes to their positions in GOCO. Barclays PLC boosted its stake 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 buying an additional 4,372 shares during the period. JPMorgan Chase & Co. boosted its stake 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 buying an additional 4,204 shares during the period. Renaissance Technologies LLC boosted its stake 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 buying an additional 3,300 shares during the period. Geode Capital Management LLC boosted its stake in shares of GoHealth by 3.2% in the third 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. Finally, Bank of New York Mellon Corp boosted 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 during the period. Institutional investors own 24.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $13.00 price objective on shares of GoHealth in a report on Monday, October 21st.

GoHealth Company Profile

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.