GoHealth, Inc. (NASDAQ:GOCO) Short Interest Update

GoHealth, Inc. (NASDAQ:GOCO) was the target of a large drop in short interest during the month of November. As of November 15th, there was short interest totalling 187,900 shares, a drop of 8.0% from the October 31st total of 204,200 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily volume of 21,700 shares, the short-interest ratio is currently 8.7 days.

Analyst Upgrades and Downgrades

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

GoHealth Stock Down 3.7 %

Shares of GoHealth stock opened at $12.00 on Wednesday. GoHealth has a 52-week low of $7.27 and a 52-week high of $16.44. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.18 and a current ratio of 1.18. The business’s 50 day simple moving average is $11.00 and its 200 day simple moving average is $10.38. The firm has a market cap of $274.92 million, a PE ratio of -3.43 and a beta of 1.69.

Institutional Investors Weigh In On GoHealth

Several hedge funds have recently bought and sold shares of GOCO. Vanguard Group Inc. boosted its position in shares of GoHealth by 2.8% in the first quarter. Vanguard Group Inc. now owns 206,525 shares of the company’s stock valued at $2,171,000 after acquiring an additional 5,605 shares during the period. Barclays PLC grew 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. Renaissance Technologies LLC increased its holdings in shares of GoHealth by 22.0% during the second quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock worth $178,000 after purchasing an additional 3,300 shares during the period. Geode Capital Management LLC boosted its stake 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 buying an additional 3,205 shares during the period. Finally, Bank of New York Mellon Corp grew its position in GoHealth by 16.1% during the second quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock worth $126,000 after buying an additional 1,802 shares in the last quarter. 24.21% of the stock is currently owned by institutional investors and hedge funds.

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.