Short Interest in GoHealth, Inc. (NASDAQ:GOCO) Drops By 20.0%

GoHealth, Inc. (NASDAQ:GOCO) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 85,000 shares, a drop of 20.0% from the February 28th total of 106,300 shares. Currently, 1.0% of the company’s shares are sold short. Based on an average trading volume of 60,200 shares, the days-to-cover ratio is currently 1.4 days.

Institutional Trading of GoHealth

A number of large investors have recently made changes to their positions in the company. Cubist Systematic Strategies LLC acquired a new position in GoHealth in the fourth quarter valued at approximately $37,000. Wells Fargo & Company MN raised its position in GoHealth by 28.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,760 shares of the company’s stock worth $37,000 after buying an additional 607 shares during the last quarter. Bank of America Corp DE lifted its position in GoHealth by 22.8% in the fourth quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock valued at $105,000 after purchasing an additional 1,452 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of GoHealth by 99.3% in the 3rd 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. Finally, Barclays PLC boosted its position 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 in the last quarter. 24.21% of the stock is currently owned by hedge funds and other institutional investors.

GoHealth Stock Down 0.3 %

Shares of NASDAQ GOCO traded down $0.04 during midday trading on Tuesday, hitting $12.23. The company’s stock had a trading volume of 48,204 shares, compared to its average volume of 33,232. GoHealth has a 1 year low of $7.27 and a 1 year high of $21.00. The firm has a market capitalization of $281.40 million, a price-to-earnings ratio of -3.49 and a beta of 1.68. 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 fifty day simple moving average is $15.58 and its two-hundred day simple moving average is $12.98.

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.