NeueHealth, Inc. (NYSE:NEUE) Short Interest Update

NeueHealth, Inc. (NYSE:NEUE - Get Free Report) was the target of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 13,700 shares, a decrease of 48.9% from the November 30th total of 26,800 shares. Approximately 0.5% of the company's shares are short sold. Based on an average trading volume of 22,800 shares, the days-to-cover ratio is presently 0.6 days.

Insider Buying and Selling at NeueHealth

In other news, CEO George Lawrence Mikan III sold 16,803 shares of the firm's stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $4.18, for a total transaction of $70,236.54. Following the completion of the sale, the chief executive officer now owns 83,029 shares of the company's stock, valued at $347,061.22. This trade represents a 16.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 64.30% of the company's stock.

Institutional Investors Weigh In On NeueHealth

Hedge funds have recently added to or reduced their stakes in the company. Pathway Capital Management LP bought a new position in shares of NeueHealth in the second quarter valued at $61,000. Renaissance Technologies LLC acquired a new stake in shares of NeueHealth in the 2nd quarter worth about $312,000. NEA Management Company LLC purchased a new position in shares of NeueHealth during the second quarter valued at approximately $14,834,000. Deer Management Co. LLC bought a new stake in NeueHealth during the second quarter worth $5,436,000. Finally, Partners Group Holding AG purchased a new stake in NeueHealth in the 3rd quarter valued at $463,000. Institutional investors and hedge funds own 63.88% of the company's stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada cut their target price on shares of NeueHealth from $8.00 to $7.00 and set a "sector perform" rating on the stock in a research note on Monday, December 9th.

NeueHealth Price Performance

Shares of NEUE traded up $0.10 during trading hours on Friday, hitting $7.37. The stock had a trading volume of 72,398 shares, compared to its average volume of 21,593. NeueHealth has a 1-year low of $3.79 and a 1-year high of $16.59. The firm has a market capitalization of $61.06 million, a P/E ratio of -0.14 and a beta of 0.78. The firm has a 50 day simple moving average of $5.17 and a 200-day simple moving average of $5.28.

NeueHealth Company Profile

NeueHealth, Inc, a healthcare company, provides various healthcare services for health consumers, providers, and payors in the United States. It operates through two segments: NeueCare and NeueSolutions. The NeueCare segment delivers healthcare services to ACA marketplace, medicare, and medicaid through owned and affiliated clinics.