eHealth, Inc. (NASDAQ:EHTH) Sees Significant Increase in Short Interest

eHealth, Inc. (NASDAQ:EHTH) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 300,100 shares, a growth 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.

eHealth Price Performance

Shares of NASDAQ:EHTH opened at $8.70 on Tuesday. The firm has a fifty day moving average price of $5.77 and a 200 day moving average price of $4.87. eHealth has a fifty-two week low of $3.58 and a fifty-two week high of $8.98. The firm has a market cap of $257.82 million, a price-to-earnings ratio of -3.05 and a beta of 0.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.10 and a current ratio of 3.10.

Institutional Investors Weigh In On eHealth

Institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its stake in eHealth by 40.7% in 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 during the last quarter. Point72 DIFC Ltd boosted its holdings in eHealth by 3,996.8% in the 2nd quarter. Point72 DIFC Ltd now owns 12,741 shares of the financial services provider’s stock worth $58,000 after buying an additional 12,430 shares during the last quarter. Algert Global LLC raised its stake in eHealth by 76.6% in the 2nd 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 during the last quarter. SkyView Investment Advisors LLC boosted its position in eHealth by 28.7% during the third quarter. SkyView Investment Advisors LLC now owns 30,000 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 6,694 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of eHealth by 15.5% in the second quarter. American Century Companies Inc. now owns 38,170 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 5,120 shares in the last quarter. Institutional investors own 79.54% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on EHTH. Royal Bank of Canada cut their target price on shares of eHealth from $13.00 to $11.00 and set a “sector perform” rating for the company in a research report on Monday, November 25th. StockNews.com raised shares of eHealth from a “sell” rating to a “hold” rating in a report on Tuesday, November 5th. Craig Hallum raised eHealth from a “hold” rating to a “buy” rating and boosted their target price for the company from $5.00 to $7.00 in a research note on Wednesday, November 6th. Finally, UBS Group initiated coverage on eHealth in a report on Wednesday, December 4th. They set a “neutral” rating and a $5.50 target price on the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, eHealth presently has a consensus rating of “Hold” and a consensus price target of $6.38.

About eHealth

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.