Short Interest in NeueHealth, Inc. (NYSE:NEUE) Drops By 39.7%

NeueHealth, Inc. (NYSE:NEUEGet Free Report) was the target of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 3,500 shares, a decrease of 39.7% from the May 15th total of 5,800 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 18,700 shares, the days-to-cover ratio is presently 0.2 days.

NeueHealth Price Performance

Shares of NYSE:NEUE traded down $0.04 on Monday, hitting $6.81. The company’s stock had a trading volume of 1,746 shares, compared to its average volume of 20,254. The company has a market capitalization of $60.80 million, a PE ratio of -0.13 and a beta of 0.55. The company has a 50-day simple moving average of $6.71 and a 200 day simple moving average of $6.65. NeueHealth has a 1 year low of $3.79 and a 1 year high of $7.66.

NeueHealth (NYSE:NEUEGet Free Report) last released its earnings results on Thursday, May 8th. The company reported ($1.80) EPS for the quarter, beating analysts’ consensus estimates of ($2.51) by $0.71. The business had revenue of $215.79 million for the quarter, compared to analysts’ expectations of $249.50 million. NeueHealth had a negative return on equity of 6.40% and a negative net margin of 36.28%. On average, equities research analysts expect that NeueHealth will post -9.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NeueHealth

A number of hedge funds have recently made changes to their positions in NEUE. PenderFund Capital Management Ltd. purchased a new position in NeueHealth in the 1st quarter worth $197,000. Northern Trust Corp grew its position in NeueHealth by 66.8% during the 4th quarter. Northern Trust Corp now owns 32,644 shares of the company’s stock worth $242,000 after acquiring an additional 13,074 shares during the last quarter. Finally, Virtu Financial LLC purchased a new position in NeueHealth in the 4th quarter worth approximately $76,000. 63.88% of the stock is currently owned by institutional investors.

NeueHealth Company Profile

(Get Free Report)

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.

Further Reading

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