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

NeueHealth, Inc. (NYSE:NEUE - Get Free Report) was the recipient of a large decrease in short interest during the month of May. As of May 31st, there was short interest totalling 3,500 shares, a decrease of 39.7% from the May 15th total of 5,800 shares. Based on an average daily volume of 18,700 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company's stock are short sold.

NeueHealth Stock Down 0.7%

Shares of NYSE NEUE traded down $0.05 during mid-day trading on Thursday, reaching $6.81. 31,989 shares of the company were exchanged, compared to its average volume of 20,324. The stock has a market cap of $60.77 million, a price-to-earnings ratio of -0.31 and a beta of 0.55. NeueHealth has a 1 year low of $3.79 and a 1 year high of $7.66. The firm has a 50-day moving average of $6.74 and a 200 day moving average of $6.68.

NeueHealth (NYSE:NEUE - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported ($1.80) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.51) by $0.71. NeueHealth had a negative return on equity of 6.40% and a negative net margin of 14.28%. The company had revenue of $215.79 million for the quarter, compared to analyst estimates of $249.50 million. On average, equities analysts forecast that NeueHealth will post -9.13 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp increased its position in NeueHealth by 66.8% during 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 in the last quarter. PenderFund Capital Management Ltd. acquired a new position in shares of NeueHealth in the first quarter valued at about $197,000. Finally, Virtu Financial LLC acquired a new position in shares of NeueHealth in the fourth quarter valued at about $76,000. 63.88% of the stock is owned by institutional investors and hedge funds.

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.