Short Interest in eHealth, Inc. (NASDAQ:EHTH) Grows By 26.5%

eHealth, Inc. (NASDAQ:EHTH - Get Free Report) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 300,100 shares, an increase of 26.5% from the November 30th total of 237,200 shares. Based on an average daily volume of 215,200 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its position in shares of eHealth by 40.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,451 shares of the financial services provider's stock worth $51,000 after acquiring an additional 3,600 shares in the last quarter. Point72 DIFC Ltd lifted its stake in eHealth by 3,996.8% during the second quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider's stock worth $58,000 after purchasing an additional 12,430 shares during the last quarter. Algert Global LLC boosted its holdings in eHealth by 76.6% in the second quarter. Algert Global LLC now owns 18,392 shares of the financial services provider's stock valued at $83,000 after purchasing an additional 7,980 shares in the last quarter. SkyView Investment Advisors LLC increased its stake in eHealth by 28.7% in the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider's stock valued at $122,000 after purchasing an additional 6,694 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in eHealth by 15.5% during the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider's stock worth $173,000 after purchasing an additional 5,120 shares in the last quarter. Institutional investors and hedge funds own 79.54% of the company's stock.

eHealth Stock Down 1.3 %

Shares of eHealth stock traded down $0.11 on Friday, reaching $8.65. 221,039 shares of the company were exchanged, compared to its average volume of 264,313. The stock's 50 day moving average price is $5.77 and its 200-day moving average price is $4.87. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.10 and a quick ratio of 3.10. eHealth has a 1-year low of $3.58 and a 1-year high of $9.10. The company has a market cap of $256.33 million, a P/E ratio of -3.04 and a beta of 0.47.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Royal Bank of Canada lowered their target price on eHealth from $13.00 to $11.00 and set a "sector perform" rating for the company in a report on Monday, November 25th. Craig Hallum raised shares of eHealth from a "hold" rating to a "buy" rating and increased their price target for the stock from $5.00 to $7.00 in a research report on Wednesday, November 6th. StockNews.com upgraded shares of eHealth from a "sell" rating to a "hold" rating in a report on Tuesday, November 5th. Finally, UBS Group assumed coverage on shares of eHealth in a report on Wednesday, December 4th. They set a "neutral" rating and a $5.50 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, eHealth presently has a consensus rating of "Hold" and an average price target of $6.38.

eHealth Company Profile

eHealth, Inc operates a health insurance marketplace that provides consumer engagement, education, and health insurance enrollment solutions in the United States. The company operates in two segments, Medicare; and Employer and Individual. The Medicare segment offers sale of Medicare-related health insurance plans, which includes Medicare advantage, Medicare Supplement, and Medicare Part D prescription drug plans to Medicare-eligible customers including but not limited to, dental, and vision insurance, as well as advertising program for marketing and other services.

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