Health In Tech, Inc. (NASDAQ:HIT) Short Interest Down 68.8% in December

Health In Tech, Inc. (NASDAQ:HIT) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 132,749 shares, a decline of 68.8% from the November 30th total of 425,649 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 763,353 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 763,353 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HIT shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Health In Tech in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Health In Tech from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.50.

Health In Tech Stock Performance

Shares of NASDAQ:HIT opened at $1.52 on Thursday. Health In Tech has a 52-week low of $0.51 and a 52-week high of $7.59. The business’s 50 day simple moving average is $1.93 and its two-hundred day simple moving average is $2.11. The firm has a market cap of $86.50 million and a P/E ratio of 50.67.

Health In Tech (NASDAQ:HIT) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The firm had revenue of $8.49 million for the quarter, compared to the consensus estimate of $7.05 million.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Cubist Systematic Strategies LLC acquired a new stake in shares of Health In Tech in the 1st quarter worth about $41,000. Raymond James Financial Inc. acquired a new position in Health In Tech during the 3rd quarter valued at about $45,000. Squarepoint Ops LLC bought a new stake in Health In Tech during the 3rd quarter worth approximately $46,000. Arete Wealth Advisors LLC bought a new stake in Health In Tech during the 1st quarter worth approximately $47,000. Finally, Jane Street Group LLC purchased a new stake in shares of Health In Tech in the first quarter worth approximately $48,000.

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.