NeueHealth, Inc. (NYSE:NEUE) Short Interest Up 142.3% in July

Key Points

• NeueHealth, Inc. saw a significant increase in short interest in July, rising by 142.3% to a total of 18,900 shares as of July 31st.
• The company's stock price decreased by 2.4%, closing at $6.56 with a market capitalization of $59.17 million.
• NeueHealth reported (-$1.68) earnings per share, despite exceeding analysts' expectations, with revenue of $209.08 million for the quarter.

NeueHealth, Inc. (NYSE:NEUE - Get Free Report) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 18,900 shares, anincreaseof142.3% from the July 15th total of 7,800 shares. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is currently 2.8 days. Currently,0.6% of the shares of the company are sold short. Currently,0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 6,700 shares, the days-to-cover ratio is currently 2.8 days.

NeueHealth Stock Down 2.4%

NeueHealth stock traded down $0.16 during trading hours on Friday, hitting $6.56. 5,039 shares of the company traded hands, compared to its average volume of 6,702. NeueHealth has a 1-year low of $3.79 and a 1-year high of $7.66. The firm's 50-day simple moving average is $6.81 and its two-hundred day simple moving average is $6.78. The firm has a market cap of $59.17 million, a P/E ratio of -0.41 and a beta of 0.57.

NeueHealth (NYSE:NEUE - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported ($1.68) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($4.77) by $3.09. The company had revenue of $209.08 million for the quarter, compared to the consensus estimate of $249.50 million. On average, equities research analysts predict that NeueHealth will post -9.13 earnings per share for the current year.

Institutional Investors Weigh In On NeueHealth

A number of institutional investors have recently bought and sold shares of the business. PenderFund Capital Management Ltd. acquired a new stake in shares of NeueHealth in the 1st quarter valued at $197,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of NeueHealth in the 2nd quarter valued at $201,000. Finally, Northern Trust Corp boosted its stake in shares of NeueHealth by 66.8% in the 4th quarter. Northern Trust Corp now owns 32,644 shares of the company's stock valued at $242,000 after purchasing an additional 13,074 shares in the last quarter. Institutional investors and hedge funds own 63.88% of the company's stock.

About NeueHealth

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.

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