eHealth, Inc. (NASDAQ:EHTH) Short Interest Update

eHealth, Inc. (NASDAQ:EHTH) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 1,600,000 shares, an increase of 12.7% from the May 31st total of 1,420,000 shares. Based on an average daily volume of 243,500 shares, the short-interest ratio is currently 6.6 days.

eHealth Stock Performance

NASDAQ EHTH traded up $0.09 during trading hours on Wednesday, hitting $4.55. 111,259 shares of the company’s stock were exchanged, compared to its average volume of 316,955. The business’s 50 day moving average is $5.03 and its 200-day moving average is $6.05. eHealth has a 12-month low of $4.28 and a 12-month high of $10.20.

eHealth (NASDAQ:EHTH) last announced its quarterly earnings data on Tuesday, May 7th. The financial services provider reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.28). eHealth had a negative return on equity of 3.90% and a negative net margin of 5.36%. The company had revenue of $92.96 million for the quarter, compared to analysts’ expectations of $78.05 million. On average, research analysts predict that eHealth will post -1.11 earnings per share for the current year.

Hedge Funds Weigh In On eHealth

A number of hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its position in shares of eHealth by 76.7% in the 1st quarter. BNP Paribas Financial Markets now owns 13,323 shares of the financial services provider’s stock worth $80,000 after buying an additional 5,782 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of eHealth by 1,205.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,188 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 8,484 shares during the period. SG Americas Securities LLC acquired a new position in shares of eHealth in the 4th quarter valued at about $107,000. Jump Financial LLC grew its holdings in shares of eHealth by 18.1% during the 4th quarter. Jump Financial LLC now owns 21,413 shares of the financial services provider’s stock worth $187,000 after purchasing an additional 3,282 shares during the period. Finally, Sapient Capital LLC acquired a new stake in eHealth during the 4th quarter worth approximately $265,000. Institutional investors and hedge funds own 79.54% of the company’s stock.

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.