eHealth, Inc. (NASDAQ:EHTH) Short Interest Update

eHealth, Inc. (NASDAQ:EHTH) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 711,729 shares, a drop of 53.8% from the June 15th total of 1,540,790 shares. Based on an average daily volume of 661,118 shares, the short-interest ratio is currently 1.1 days. Approximately 2.4% of the shares of the stock are sold short.

Hedge Funds Weigh In On eHealth

Hedge funds have recently bought and sold shares of the stock. J. Goldman & Co LP purchased a new stake in shares of eHealth during the fourth quarter worth about $3,134,000. Nantahala Capital Management LLC lifted its stake in shares of eHealth by 34.3% during the third quarter. Nantahala Capital Management LLC now owns 1,761,441 shares of the financial services provider’s stock valued at $7,592,000 after buying an additional 450,000 shares during the period. Mackenzie Financial Corp purchased a new position in shares of eHealth during the third quarter valued at approximately $1,711,000. Geode Capital Management LLC boosted its position in eHealth by 101.3% during the second quarter. Geode Capital Management LLC now owns 711,762 shares of the financial services provider’s stock worth $3,097,000 after acquiring an additional 358,192 shares during the last quarter. Finally, Millennium Management LLC boosted its position in eHealth by 74.3% during the first quarter. Millennium Management LLC now owns 705,704 shares of the financial services provider’s stock worth $4,714,000 after acquiring an additional 300,792 shares during the last quarter. Hedge funds and other institutional investors own 79.54% of the company’s stock.

eHealth Price Performance

Shares of EHTH stock traded down $0.04 during trading hours on Wednesday, hitting $1.52. The company’s stock had a trading volume of 91,235 shares, compared to its average volume of 598,482. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.20. The business has a fifty day moving average of $1.66 and a 200-day moving average of $2.07. eHealth has a twelve month low of $1.20 and a twelve month high of $5.89. The stock has a market cap of $48.40 million, a price-to-earnings ratio of -1.59 and a beta of 1.48.

Analyst Ratings Changes

A number of research firms have commented on EHTH. Weiss Ratings reiterated a “sell (d)” rating on shares of eHealth in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $3.00 price target on shares of eHealth in a research report on Friday, May 8th. Finally, Zacks Research raised eHealth from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 28th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $3.25.

About eHealth

eHealth, Inc operates one of the largest online private health insurance exchanges in the United States. The company’s platform enables consumers to compare, select and enroll in individual, family and small-group health insurance plans offered by a broad network of licensed insurance carriers. In addition to Affordable Care Act–compliant offerings, eHealth provides dedicated services for Medicare Advantage, Medicare Supplement and Medicare Part D prescription drug plans, helping seniors navigate the complexities of Medicare coverage.

Through its digital marketplace, eHealth delivers real-time quotes, detailed plan comparisons and enrollment processing.