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

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

Analyst Ratings Changes

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

GoHealth Price Performance

NASDAQ GOCO traded up $0.22 during mid-day trading on Friday, hitting $13.74. The stock had a trading volume of 43,741 shares, compared to its average volume of 53,081. The company has a 50 day simple moving average of $12.58 and a 200 day simple 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. The company has a market cap of $314.78 million, a price-to-earnings ratio of -3.93 and a beta of 1.64. GoHealth has a 52-week low of $7.27 and a 52-week high of $14.99.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Empowered Funds LLC grew its stake 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 acquiring an additional 1,072 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 1,802 shares in the last quarter. Geode Capital Management LLC grew its position 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 purchasing an additional 3,205 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of 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, JPMorgan Chase & Co. raised its position in shares of GoHealth by 99.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,437 shares of the company’s stock worth $79,000 after purchasing an additional 4,204 shares during the last quarter. Hedge funds and other institutional investors own 24.21% of the company’s stock.

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.