eHealth, Inc. (NASDAQ:EHTH) Short Interest Up 93.9% in January

eHealth, Inc. (NASDAQ:EHTHGet Free Report) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 822,800 shares, an increase of 93.9% from the January 15th total of 424,300 shares. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 311,200 shares, the days-to-cover ratio is currently 2.6 days.

eHealth Trading Up 5.1 %

Shares of EHTH stock traded up $0.35 on Monday, reaching $7.27. 218,658 shares of the stock were exchanged, compared to its average volume of 443,033. The stock has a market cap of $206.18 million, a P/E ratio of -2.10 and a beta of 0.41. The company has a quick ratio of 3.98, a current ratio of 3.98 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $7.68 and a two-hundred day moving average of $7.83. eHealth has a 1-year low of $4.81 and a 1-year high of $10.57.

Institutional Trading of eHealth

A number of institutional investors and hedge funds have recently made changes to their positions in EHTH. Allspring Global Investments Holdings LLC boosted its position in eHealth by 148.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,689 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 2,207 shares during the period. Tower Research Capital LLC TRC boosted its position in eHealth by 258.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,425 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 3,190 shares during the period. Royal Bank of Canada boosted its position in eHealth by 34.4% during the 2nd quarter. Royal Bank of Canada now owns 4,854 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 1,243 shares during the period. PNC Financial Services Group Inc. boosted its position in eHealth by 50.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,692 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 1,241 shares during the period. Finally, UBS Group AG boosted its position in eHealth by 1,573.8% in the 4th quarter. UBS Group AG now owns 9,457 shares of the financial services provider’s stock valued at $46,000 after buying an additional 8,892 shares during the last quarter. 75.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Craig Hallum downgraded eHealth from a “buy” rating to a “hold” rating and set a $7.00 price target for the company. in a report on Thursday, January 18th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Read Our Latest Report on EHTH

About eHealth

(Get Free Report)

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Individual, Family and Small Business. Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program.

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