Short Interest in Clover Health Investments, Corp. (NASDAQ:CLOV) Decreases By 8.2%

Clover Health Investments, Corp. (NASDAQ:CLOV) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 15,080,000 shares, a decrease of 8.2% from the January 15th total of 16,420,000 shares. Based on an average trading volume of 6,160,000 shares, the short-interest ratio is currently 2.4 days.

Wall Street Analyst Weigh In

Separately, Craig Hallum started coverage on Clover Health Investments in a report on Tuesday, December 17th. They issued a “buy” rating and a $6.00 price target for the company.

Clover Health Investments Stock Down 1.0 %

Clover Health Investments stock traded down $0.05 during trading hours on Tuesday, hitting $4.42. The stock had a trading volume of 3,497,998 shares, compared to its average volume of 6,148,105. The company has a 50-day moving average of $3.85 and a two-hundred day moving average of $3.46. The company has a market cap of $2.21 billion, a PE ratio of -22.07 and a beta of 1.99. Clover Health Investments has a fifty-two week low of $0.61 and a fifty-two week high of $4.87.

Hedge Funds Weigh In On Clover Health Investments

A number of hedge funds have recently modified their holdings of CLOV. SG Americas Securities LLC acquired a new position in shares of Clover Health Investments in the 3rd quarter worth approximately $252,000. Bleakley Financial Group LLC raised its holdings in shares of Clover Health Investments by 98.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 20,090 shares of the company’s stock worth $57,000 after buying an additional 9,988 shares in the last quarter. Foundations Investment Advisors LLC acquired a new position in shares of Clover Health Investments in the 3rd quarter worth approximately $55,000. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Clover Health Investments by 20.4% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 118,156 shares of the company’s stock worth $333,000 after buying an additional 20,044 shares in the last quarter. Finally, Realta Investment Advisors acquired a new position in shares of Clover Health Investments in the 3rd quarter worth approximately $44,000. 19.77% of the stock is owned by institutional investors and hedge funds.

Clover Health Investments Company Profile

Clover Health Investments, Corp. provides medicare advantage plans in the United States. It operates through two segments: Insurance and Non-Insurance. It also offers Clover Assistant, a cloud-based software platform, that enables physicians to detect, identify, and manage chronic diseases earlier; and access to data-driven and personalized insights for the patients they treat.