Short Interest in GoHealth, Inc. (NASDAQ:GOCO) Rises By 26.5%

GoHealth, Inc. (NASDAQ:GOCO) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 533,301 shares, an increase of 26.5% from the February 26th total of 421,495 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average trading volume of 119,901 shares, the days-to-cover ratio is presently 4.4 days.

GoHealth Trading Down 1.3%

Shares of GOCO stock traded down $0.02 during trading on Tuesday, hitting $1.51. 50,072 shares of the stock traded hands, compared to its average volume of 64,301. GoHealth has a 52-week low of $1.31 and a 52-week high of $12.69. The firm has a market capitalization of $43.35 million, a P/E ratio of -0.10 and a beta of 1.70. The firm’s fifty day moving average price is $1.81 and its 200-day moving average price is $2.86. The company has a debt-to-equity ratio of 2.64, a current ratio of 1.64 and a quick ratio of 1.64.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of GoHealth in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, GoHealth currently has a consensus rating of “Hold” and an average target price of $5.00.

Hedge Funds Weigh In On GoHealth

Large investors have recently modified their holdings of the business. Public Sector Pension Investment Board acquired a new position in GoHealth during the 3rd quarter worth about $8,100,000. Redwood Capital Management LLC purchased a new stake in GoHealth during the third quarter worth about $4,455,000. Focus Partners Wealth purchased a new stake in GoHealth during the third quarter worth about $270,000. Deutsche Bank AG lifted its position in shares of GoHealth by 150.8% during the fourth quarter. Deutsche Bank AG now owns 32,183 shares of the company’s stock worth $69,000 after purchasing an additional 19,349 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of GoHealth during the first quarter worth about $177,000. Institutional investors and hedge funds own 24.21% of the company’s stock.

GoHealth Company Profile

GoHealth, Inc is a technology-driven health insurance marketplace that connects consumers with a wide range of health insurance plans from leading carriers. Through its digital platform, the company facilitates the comparison, selection and enrollment process for individual and family plans, as well as Medicare Advantage and Medicare Supplement products. By leveraging data analytics and customer support services, GoHealth aims to simplify a traditionally complex market and enable more informed decision-making for policyholders.

The company’s online portal integrates real-time quoting tools, educational resources and access to licensed insurance agents, ensuring that users receive personalized guidance throughout the enrollment journey.