Sharecare, Inc. (NASDAQ:SHCR) Short Interest Update

Sharecare, Inc. (NASDAQ:SHCR - Get Free Report) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 11,790,000 shares, a growth of 71.9% from the March 31st total of 6,860,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the days-to-cover ratio is presently 6.4 days. Currently, 4.2% of the company's stock are short sold.

Institutional Investors Weigh In On Sharecare

Institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP purchased a new stake in Sharecare during the third quarter worth approximately $865,000. Pathstone Family Office LLC acquired a new position in Sharecare during the third quarter worth approximately $64,000. Swiss National Bank increased its position in Sharecare by 7.6% during the third quarter. Swiss National Bank now owns 667,733 shares of the company's stock worth $628,000 after buying an additional 47,200 shares during the period. Pennsylvania Capital Management Inc. ADV acquired a new position in Sharecare during the third quarter worth approximately $6,252,000. Finally, WealthPlan Investment Management LLC increased its position in Sharecare by 1,307,971.1% during the third quarter. WealthPlan Investment Management LLC now owns 1,177,264 shares of the company's stock worth $1,107,000 after buying an additional 1,177,174 shares during the period. Hedge funds and other institutional investors own 35.08% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SHCR. Morgan Stanley decreased their price objective on Sharecare from $1.50 to $1.00 and set an "equal weight" rating for the company in a research note on Monday, April 15th. BTIG Research cut Sharecare from a "buy" rating to a "neutral" rating in a research note on Monday, April 1st.

Sharecare Trading Up 9.0 %

SHCR stock traded up $0.07 during trading on Friday, hitting $0.81. 1,552,400 shares of the company's stock were exchanged, compared to its average volume of 2,999,688. The business has a 50-day moving average price of $0.85 and a two-hundred day moving average price of $0.98. The stock has a market capitalization of $290.44 million, a price-to-earnings ratio of -2.19 and a beta of 0.26. Sharecare has a 52-week low of $0.48 and a 52-week high of $1.80.

Sharecare (NASDAQ:SHCR - Get Free Report) last posted its earnings results on Thursday, March 28th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $105.28 million for the quarter, compared to analysts' expectations of $113.88 million. Sharecare had a negative return on equity of 17.11% and a negative net margin of 28.86%. On average, equities research analysts anticipate that Sharecare will post -0.21 earnings per share for the current fiscal year.

Sharecare Company Profile

Sharecare, Inc operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations, and communities that optimize individual and population-wide well-being. The company offers enterprise solutions based on a software-as-a-service model that allows enterprise clients to message, motivate, and manage their populations, as well as measure their population progress; a suite of data and information-driven solutions; and life sciences solutions, which provides members with personalized information, programs, and resources to enhance their health and well-being.