Health In Tech, Inc. (NASDAQ:HIT) Short Interest Update

Health In Tech, Inc. (NASDAQ:HIT) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 269,748 shares, a growth of 103.2% from the December 15th total of 132,749 shares. Based on an average daily volume of 545,890 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the company’s shares are sold short. Approximately 0.5% of the company’s shares are sold short. Based on an average daily volume of 545,890 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HIT. Wall Street Zen cut shares of Health In Tech from a “buy” rating to a “hold” rating in a research note on Sunday, November 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Health In Tech in a research report on Wednesday, October 8th. 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 presently has a consensus rating of “Moderate Buy” and an average price target of $2.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC acquired a new stake in Health In Tech during the 3rd quarter worth approximately $85,000. Ancora Advisors LLC acquired a new stake in shares of Health In Tech in the third quarter valued at $389,000. Raymond James Financial Inc. acquired a new stake in shares of Health In Tech in the third quarter valued at $45,000. Two Sigma Investments LP purchased a new position in Health In Tech in the third quarter valued at $386,000. Finally, Squarepoint Ops LLC acquired a new position in Health In Tech during the 3rd quarter worth $46,000.

Health In Tech Stock Down 3.7%

NASDAQ:HIT opened at $1.43 on Thursday. Health In Tech has a 52 week low of $0.51 and a 52 week high of $7.59. The stock’s fifty day moving average is $1.55 and its two-hundred day moving average is $2.21. The stock has a market capitalization of $81.10 million and a price-to-earnings ratio of 47.50.

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

About Health In Tech

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.