Health In Tech, Inc. (NASDAQ:HIT) Short Interest Up 25.0% in February

Health In Tech, Inc. (NASDAQ:HIT) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 184,486 shares, a growth of 25.0% from the February 12th total of 147,645 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 92,641 shares, the days-to-cover ratio is currently 2.0 days. Based on an average daily volume of 92,641 shares, the days-to-cover ratio is currently 2.0 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Health In Tech

A number of institutional investors and hedge funds have recently modified their holdings of HIT. XTX Topco Ltd bought a new position in shares of Health In Tech in the fourth quarter valued at approximately $203,000. State Street Corp lifted its stake in Health In Tech by 195.3% in the 4th quarter. State Street Corp now owns 62,900 shares of the company’s stock worth $100,000 after purchasing an additional 41,600 shares in the last quarter. Jane Street Group LLC lifted its stake in Health In Tech by 307.9% in the 4th quarter. Jane Street Group LLC now owns 50,648 shares of the company’s stock worth $81,000 after purchasing an additional 38,230 shares in the last quarter. Renaissance Technologies LLC bought a new position in Health In Tech in the 4th quarter valued at $214,000. Finally, Geode Capital Management LLC grew its position in shares of Health In Tech by 46.6% during the 4th quarter. Geode Capital Management LLC now owns 170,502 shares of the company’s stock valued at $271,000 after purchasing an additional 54,217 shares in the last quarter.

Health In Tech Stock Down 7.2%

Shares of NASDAQ:HIT traded down $0.14 during midday trading on Friday, reaching $1.80. 149,493 shares of the company traded hands, compared to its average volume of 188,294. The firm’s fifty day moving average price is $1.38 and its two-hundred day moving average price is $2.03. The firm has a market capitalization of $102.44 million, a price-to-earnings ratio of 60.00 and a beta of 7.93. Health In Tech has a 12 month low of $0.51 and a 12 month high of $4.02.

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut shares of Health In Tech from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $2.50.

Health In Tech Company Profile

Health in Tech, Inc engages in the provision of insurance technology platforms which offer a marketplace of processes in the healthcare industry. Its services include Stone Mountain Risk, eDIYBS, HI Card, HI Performance Network, and Ancillary Products. The company was founded by Tim Johnson in 2014 and is headquartered in Stuart, FL.