GoHealth, Inc. (NASDAQ:GOCO) Short Interest Update

GoHealth, Inc. (NASDAQ:GOCO - Get Free Report) saw a significant drop in short interest in 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 short-interest ratio is presently 1.4 days. Currently, 1.0% of the shares of the stock are sold short.

GoHealth Price Performance

Shares of GOCO stock traded down $1.61 on Friday, reaching $9.87. 153,389 shares of the company were exchanged, compared to its average volume of 34,284. The company has a market cap of $226.98 million, a price-to-earnings ratio of -2.89 and a beta of 1.69. GoHealth has a 1 year low of $7.27 and a 1 year high of $21.00. The business has a 50-day moving average price of $15.34 and a 200 day moving average price of $12.99. The company has a debt-to-equity ratio of 1.72, a quick ratio of 1.18 and a current ratio of 1.18.

Institutional Trading of GoHealth

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

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.