NeueHealth, Inc. (NYSE:NEUE) Short Interest Update

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.

Hedge Funds Weigh In On NeueHealth

Several hedge funds have recently made changes to their positions in NEUE. PenderFund Capital Management Ltd. purchased a new position in shares of NeueHealth in the first quarter worth approximately $197,000. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of NeueHealth in the second quarter worth approximately $201,000. Finally, Northern Trust Corp increased its position in shares of NeueHealth by 66.8% in the fourth quarter. Northern Trust Corp now owns 32,644 shares of the company's stock worth $242,000 after acquiring an additional 13,074 shares in the last quarter. Institutional investors and hedge funds own 63.88% of the company's stock.

NeueHealth Trading Up 0.5%

NYSE:NEUE traded up $0.0350 during mid-day trading on Thursday, hitting $6.5850. The stock had a trading volume of 7,612 shares, compared to its average volume of 16,765. The stock has a market capitalization of $59.40 million, a price-to-earnings ratio of -0.41 and a beta of 0.57. The company has a 50 day simple moving average of $6.80 and a 200-day simple moving average of $6.77. NeueHealth has a 52 week low of $3.79 and a 52 week high of $7.66.

NeueHealth (NYSE:NEUE - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($1.68) earnings per share for the quarter, beating the consensus estimate of ($4.77) by $3.09. The firm had revenue of $209.08 million during the quarter, compared to the consensus estimate of $249.50 million. As a group, equities research analysts anticipate that NeueHealth will post -9.13 earnings per share for the current year.

NeueHealth Company Profile

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.