Short Interest in eHealth, Inc. (NASDAQ:EHTH) Declines By 16.0%

eHealth, Inc. (NASDAQ:EHTH - Get Free Report) saw a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 230,300 shares, a decrease of 16.0% from the April 30th total of 274,300 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 292,700 shares, the days-to-cover ratio is presently 0.8 days.

eHealth Stock Performance

Shares of NASDAQ:EHTH traded up $0.01 on Thursday, reaching $4.41. 54,133 shares of the company's stock were exchanged, compared to its average volume of 267,196. The company has a fifty day moving average of $5.39 and a 200-day moving average of $7.27. eHealth has a twelve month low of $3.58 and a twelve month high of $11.36. The company has a market capitalization of $133.74 million, a price-to-earnings ratio of -1.55 and a beta of 0.94. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 0.14.

eHealth (NASDAQ:EHTH - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported ($0.33) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.08. eHealth had a negative net margin of 7.58% and a negative return on equity of 5.70%. The company had revenue of $113.12 million during the quarter, compared to the consensus estimate of $99.46 million. On average, research analysts predict that eHealth will post -2.17 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on EHTH shares. Wall Street Zen cut shares of eHealth from a "buy" rating to a "hold" rating in a report on Sunday, May 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $11.00 target price on shares of eHealth in a report on Monday, May 19th. Finally, UBS Group decreased their price target on shares of eHealth from $9.50 to $7.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.75.

Hedge Funds Weigh In On eHealth

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new position in shares of eHealth during the fourth quarter valued at $29,000. Graham Capital Management L.P. acquired a new stake in eHealth in the fourth quarter worth $110,000. Prudential Financial Inc. acquired a new position in shares of eHealth during the fourth quarter valued at about $111,000. Cannon Global Investment Management LLC acquired a new position in shares of eHealth during the first quarter valued at about $121,000. Finally, Quantbot Technologies LP bought a new position in shares of eHealth during the first quarter valued at about $121,000. Institutional investors own 79.54% of the company's stock.

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.