GoHealth, Inc. (NASDAQ:GOCO) Short Interest Down 8.7% in December

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

Institutional Investors Weigh In On GoHealth

A number of institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in GoHealth by 99.3% during the third quarter. JPMorgan Chase & Co. now owns 8,437 shares of the company’s stock worth $79,000 after acquiring an additional 4,204 shares during the last quarter. Barclays PLC grew its holdings in shares of GoHealth by 83.9% during the 3rd quarter. Barclays PLC now owns 9,580 shares of the company’s stock worth $89,000 after purchasing an additional 4,372 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of GoHealth by 16.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock worth $126,000 after purchasing an additional 1,802 shares during the period. Renaissance Technologies LLC increased its position 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 purchasing an additional 3,300 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in 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 buying an additional 1,072 shares during the period. Hedge funds and other institutional investors own 24.21% of the company’s stock.

GoHealth Trading Up 1.6 %

Shares of GOCO stock traded up $0.22 during trading hours on Friday, hitting $13.74. 43,741 shares of the company were exchanged, compared to its average volume of 53,081. The firm has a fifty day moving average of $12.58 and a 200 day moving average of $11.08. 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 1 year low of $7.27 and a 1 year high of $14.99. The firm has a market cap of $314.78 million, a PE ratio of -3.93 and a beta of 1.64.

Analysts Set New Price Targets

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