GoHealth, Inc. (NASDAQ:GOCO) Short Interest Down 10.6% in November

GoHealth, Inc. (NASDAQ:GOCO - Get Free Report) was the recipient of a large 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 trading volume of 25,000 shares, the days-to-cover ratio is presently 6.7 days. Currently, 2.0% of the company's stock are sold short.

Wall Street Analyst Weigh In

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

GoHealth Stock Performance

Shares of GOCO traded up $2.06 on Tuesday, reaching $12.61. 200,161 shares of the company's stock traded hands, compared to its average volume of 20,990. The stock's 50 day simple moving average is $11.31 and its two-hundred day simple moving average is $10.46. The stock has a market cap of $288.84 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. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.72.

Institutional Investors Weigh In On GoHealth

A number of hedge funds have recently made changes to their positions in GOCO. Empowered Funds LLC increased its stake 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 purchasing an additional 1,072 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in GoHealth by 16.1% during the second 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. Geode Capital Management LLC increased its position in GoHealth by 3.2% in the third quarter. Geode Capital Management LLC now owns 103,735 shares of the company's stock worth $973,000 after buying an additional 3,205 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of GoHealth by 22.0% in the second quarter. Renaissance Technologies LLC now owns 18,272 shares of the company's stock valued at $178,000 after buying an additional 3,300 shares during the period. Finally, Barclays PLC raised its stake in shares of GoHealth by 83.9% in the third quarter. Barclays PLC now owns 9,580 shares of the company's stock valued at $89,000 after buying an additional 4,372 shares during the period. 24.21% of the stock is currently owned by institutional investors.

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.