Health In Tech, Inc. (NASDAQ:HIT) Short Interest Update

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

Health In Tech Trading Down 5.0%

Health In Tech stock traded down $0.09 during mid-day trading on Monday, hitting $1.71. The company’s stock had a trading volume of 68,108 shares, compared to its average volume of 185,898. The stock’s fifty day moving average is $1.38 and its two-hundred day moving average is $2.02. The firm has a market capitalization of $97.31 million, a PE ratio of 57.00 and a beta of 7.93. Health In Tech has a 1 year low of $0.51 and a 1 year high of $4.02.

Analyst Upgrades and Downgrades

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

Institutional Trading of Health In Tech

Institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Health In Tech by 46.6% during the 4th quarter. Geode Capital Management LLC now owns 170,502 shares of the company’s stock worth $271,000 after acquiring an additional 54,217 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in Health In Tech during the fourth quarter worth about $214,000. XTX Topco Ltd acquired a new stake in shares of Health In Tech during the fourth quarter worth about $203,000. Ancora Advisors LLC acquired a new stake in shares of Health In Tech during the third quarter worth about $389,000. Finally, Two Sigma Investments LP purchased a new position in shares of Health In Tech in the third quarter valued at approximately $386,000.

About Health In Tech

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.