GoHealth, Inc. (NASDAQ:GOCO) Sees Significant Drop in Short Interest

GoHealth, Inc. (NASDAQ:GOCO) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 85,000 shares, a drop of 20.0% from the February 28th total of 106,300 shares. Based on an average daily volume of 60,200 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.0% of the shares of the company are short sold.

GoHealth Stock Performance

NASDAQ:GOCO traded down $0.46 during trading hours on Wednesday, reaching $11.93. The company had a trading volume of 57,431 shares, compared to its average volume of 33,437. The firm has a market cap of $274.50 million, a price-to-earnings ratio of -3.41 and a beta of 1.68. 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’s 50 day moving average price is $15.47 and its 200-day moving average price is $13.00. GoHealth has a 52 week low of $7.27 and a 52 week high of $21.00.

Hedge Funds Weigh In On GoHealth

Institutional investors and hedge funds have recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in GoHealth by 28.2% in the fourth quarter. Wells Fargo & Company MN now owns 2,760 shares of the company’s stock valued at $37,000 after acquiring an additional 607 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of GoHealth during the 4th quarter valued at about $37,000. JPMorgan Chase & Co. lifted its stake in shares of GoHealth by 99.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,437 shares of the company’s stock worth $79,000 after purchasing an additional 4,204 shares during the period. Barclays PLC boosted its holdings in shares of GoHealth by 83.9% in the third quarter. Barclays PLC now owns 9,580 shares of the company’s stock worth $89,000 after buying an additional 4,372 shares during the last quarter. Finally, Bank of America Corp DE grew its position in GoHealth by 22.8% during the fourth quarter. Bank of America Corp DE now owns 7,831 shares of the company’s stock valued at $105,000 after buying an additional 1,452 shares during the period. 24.21% of the stock is currently owned by hedge funds and other institutional investors.

GoHealth Company Profile

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.