Short Interest in NeueHealth, Inc. (NYSE:NEUE) Expands By 43.8%

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 during the month of 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. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 7,000 shares, the short-interest ratio is currently 1.8 days. Based on an average daily volume of 7,000 shares, the short-interest ratio is currently 1.8 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Trading of NeueHealth

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

NeueHealth Price Performance

Shares of NEUE stock traded down $0.19 during trading hours on Thursday, hitting $6.58. 3,443 shares of the company's stock were exchanged, compared to its average volume of 15,611. The stock's 50-day moving average is $6.74 and its 200-day moving average is $6.68. The stock has a market cap of $59.38 million, a price-to-earnings ratio of -0.41 and a beta of 0.58. NeueHealth has a 52 week low of $3.79 and a 52 week high of $7.66.

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