Short Interest in GoHealth, Inc. (NASDAQ:GOCO) Decreases By 10.6%

GoHealth, Inc. (NASDAQ:GOCO) saw a significant decline in short interest during the month of November. As of November 30th, there was short interest totalling 168,000 shares, a decline of 10.6% from the November 15th total of 187,900 shares. Based on an average daily trading volume, of 25,000 shares, the days-to-cover ratio is presently 6.7 days. Approximately 2.0% of the shares of the company are sold short.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On GoHealth

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of GoHealth by 2.8% during the 1st 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 in the last quarter. Bank of New York Mellon Corp grew its stake in shares of GoHealth by 16.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 12,982 shares of the company’s stock valued at $126,000 after purchasing an additional 1,802 shares during the period. Renaissance Technologies LLC raised its holdings in shares of GoHealth by 22.0% in the 2nd quarter. Renaissance Technologies LLC now owns 18,272 shares of the company’s stock worth $178,000 after buying an additional 3,300 shares in the last quarter. Empowered Funds LLC lifted its position in shares of GoHealth by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 22,048 shares of the company’s stock worth $207,000 after buying an additional 1,072 shares during the period. Finally, Barclays PLC boosted its stake in GoHealth by 83.9% in the 3rd quarter. Barclays PLC now owns 9,580 shares of the company’s stock valued at $89,000 after buying an additional 4,372 shares in the last quarter. Institutional investors own 24.21% of the company’s stock.

GoHealth Stock Performance

GOCO traded up $1.94 on Tuesday, hitting $12.49. 164,715 shares of the stock traded hands, compared to its average volume of 20,841. The business has a fifty day moving average price of $11.31 and a two-hundred day moving average price of $10.46. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.72. The firm has a market capitalization of $286.10 million, a PE ratio of -3.57 and a beta of 1.69. GoHealth has a 52 week low of $7.27 and a 52 week high of $16.44.

About GoHealth

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.