NeueHealth, Inc. (NYSE:NEUE) Sees Large Increase in Short Interest

Key Points

• In August, short interest in NeueHealth, Inc. rose by 43.8%, with a total of 12,800 shares short sold as of August 31st, compared to 8,900 shares on August 15th.
• NeueHealth's stock price increased by 0.2% to $6.73 during recent trading, with a market capitalization of approximately $60.71 million.
• For the latest quarter, NeueHealth reported an EPS of ($1.68), significantly beating the consensus estimate while falling short of revenue expectations, reporting $209.08 million against an anticipated $249.50 million.

NeueHealth, Inc. (NYSE:NEUE - Get Free Report) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 12,800 shares, a growth of 43.8% from the August 15th total of 8,900 shares. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 0.4% of the company's shares are short sold. Approximately 0.4% of the company's shares are short sold. Based on an average trading volume of 7,000 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Northern Trust Corp grew its position 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 buying an additional 13,074 shares during the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of NeueHealth in the second quarter worth approximately $201,000. Finally, PenderFund Capital Management Ltd. acquired a new stake in shares of NeueHealth in the first quarter worth approximately $197,000. Hedge funds and other institutional investors own 63.88% of the company's stock.

NeueHealth Price Performance

NeueHealth stock traded up $0.11 during mid-day trading on Friday, reaching $6.75. 6,789 shares of the company were exchanged, compared to its average volume of 5,390. The firm has a market cap of $60.84 million, a PE ratio of -0.42 and a beta of 0.58. NeueHealth has a 12 month low of $3.79 and a 12 month high of $7.66. The company has a fifty day simple moving average of $6.74 and a 200-day simple moving average of $6.67.

NeueHealth (NYSE:NEUE - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $249.50 million. Sell-side 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.