Short Interest in Health In Tech, Inc. (NASDAQ:HIT) Decreases By 64.9%
by Jessica Moore · The Cerbat GemHealth In Tech, Inc. (NASDAQ:HIT – Get Free Report) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 162,725 shares, a decline of 64.9% from the January 15th total of 463,177 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 182,269 shares, the days-to-cover ratio is presently 0.9 days. Based on an average daily trading volume, of 182,269 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company’s stock are short sold.
Health In Tech Trading Up 0.9%
HIT stock traded up $0.01 during trading on Friday, reaching $1.09. The stock had a trading volume of 47,654 shares, compared to its average volume of 202,902. The firm has a market cap of $62.03 million, a PE ratio of 36.33 and a beta of 8.53. The stock’s 50 day moving average is $1.35 and its two-hundred day moving average is $2.21. Health In Tech has a 52 week low of $0.51 and a 52 week high of $7.59.
Health In Tech (NASDAQ:HIT – Get Free Report) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The business had revenue of $8.49 million during the quarter, compared to the consensus estimate of $7.05 million.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Health In Tech from a “buy” rating to a “hold” rating in a research report on Sunday, November 16th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $2.50.
Read Our Latest Stock Analysis on Health In Tech
Institutional Trading of Health In Tech
A number of hedge funds and other institutional investors have recently bought and sold shares of HIT. State Street Corp lifted its holdings in Health In Tech by 195.3% during the fourth quarter. State Street Corp now owns 62,900 shares of the company’s stock valued at $100,000 after purchasing an additional 41,600 shares in the last quarter. Jane Street Group LLC raised its stake in Health In Tech by 307.9% during the 4th quarter. Jane Street Group LLC now owns 50,648 shares of the company’s stock valued at $81,000 after purchasing an additional 38,230 shares during the period. Renaissance Technologies LLC purchased a new position in Health In Tech in the 4th quarter worth approximately $214,000. Geode Capital Management LLC boosted its stake in Health In Tech by 46.6% in the 4th quarter. Geode Capital Management LLC now owns 170,502 shares of the company’s stock worth $271,000 after purchasing an additional 54,217 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Health In Tech in the third quarter worth $85,000.
Health In Tech Company Profile
Health in Tech, Inc engages in the provision of insurance technology platforms which offer a marketplace of processes in the healthcare industry. Its services include Stone Mountain Risk, eDIYBS, HI Card, HI Performance Network, and Ancillary Products. The company was founded by Tim Johnson in 2014 and is headquartered in Stuart, FL.