Sharecare, Inc. (NASDAQ:SHCR) Short Interest Down 46.1% in July

Sharecare, Inc. (NASDAQ:SHCR) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 7,030,000 shares, a decrease of 46.1% from the June 30th total of 13,040,000 shares. Currently, 2.4% of the company’s stock are short sold. Based on an average daily volume of 4,180,000 shares, the short-interest ratio is presently 1.7 days.

Wall Street Analyst Weigh In

SHCR has been the topic of a number of recent analyst reports. Canaccord Genuity Group reissued a “hold” rating and issued a $1.43 price objective (down from $2.00) on shares of Sharecare in a research report on Friday, June 21st. BTIG Research downgraded shares of Sharecare from a “buy” rating to a “neutral” rating in a research report on Monday, April 1st. Morgan Stanley increased their target price on shares of Sharecare from $1.00 to $1.43 and gave the company an “equal weight” rating in a research report on Monday, June 24th. Finally, Canaccord Genuity Group downgraded shares of Sharecare from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 21st.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SHCR. Truist Financial Corp purchased a new position in Sharecare during the 4th quarter worth $29,000. Bfsg LLC purchased a new position in Sharecare during the 4th quarter worth $41,000. Tower Research Capital LLC TRC lifted its stake in shares of Sharecare by 130.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 40,806 shares of the company’s stock worth $44,000 after acquiring an additional 23,129 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Sharecare in the 4th quarter worth $76,000. Finally, Alpine Global Management LLC acquired a new stake in shares of Sharecare in the 1st quarter worth $83,000. 35.08% of the stock is owned by hedge funds and other institutional investors.

Sharecare Stock Performance

Shares of NASDAQ SHCR remained flat at $1.38 during mid-day trading on Friday. 977,156 shares of the company were exchanged, compared to its average volume of 4,626,816. The stock has a 50-day simple moving average of $1.11 and a 200 day simple moving average of $0.97. The stock has a market cap of $500.13 million, a PE ratio of -3.73 and a beta of 0.50. Sharecare has a 1 year low of $0.48 and a 1 year high of $1.41.

Sharecare (NASDAQ:SHCR) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sharecare had a negative return on equity of 19.78% and a negative net margin of 30.71%. The business had revenue of $90.86 million for the quarter, compared to analysts’ expectations of $103.80 million. During the same period in the previous year, the business posted ($0.06) earnings per share. Research analysts predict that Sharecare will post -0.23 earnings per share for the current fiscal year.

About Sharecare

Sharecare, Inc operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations, and communities that optimize individual and population-wide well-being. The company offers enterprise solutions based on a software-as-a-service model that allows enterprise clients to message, motivate, and manage their populations, as well as measure their population progress; a suite of data and information-driven solutions; and life sciences solutions, which provides members with personalized information, programs, and resources to improve their health and well-being.