Could Healthequity Incorporated (NASDAQ:HQY) Go Down After Its Newest Short Interest Report?

February 13, 2018 - By Ellis Scott

 Could Healthequity Incorporated (NASDAQ:HQY) Go Down After Its Newest Short Interest Report?

The stock of Healthequity Incorporated (NASDAQ:HQY) registered a decrease of 6.88% in short interest. HQY’s total short interest was 5.60M shares in February as published by FINRA. Its down 6.88% from 6.01 million shares, reported previously. With 256,100 shares average volume, it will take short sellers 22 days to cover their HQY’s short positions. The short interest to Healthequity Incorporated’s float is 11.46%.

The stock increased 0.30% or $0.16 during the last trading session, reaching $52.81. About 262,432 shares traded. HealthEquity, Inc. (NASDAQ:HQY) has risen 95.58% since February 13, 2017 and is uptrending. It has outperformed by 78.88% the S&P500.

HealthEquity, Inc. provides various solutions for managing health care accounts, health reimbursement arrangements, and flexible spending accounts for health plans, insurance companies, and third-party administrators in the United States. The company has market cap of $3.20 billion. The Company’s services and products include healthcare saving and spending platform, a cloud platform for individuals to make health saving and spending decisions, pay healthcare bills, compare treatment options and prices, receive personalized benefit and clinical information, earn wellness incentives, grow their savings, and make investment choices; and health savings accounts. It has a 71.08 P/E ratio. The firm also offers online-only investment advisory services through HealthEquity Advisor, a Web tool; and healthcare incentives that enable its employer partners and health plan partners to offer, and its members to earn, financial incentives for participation in wellness programs.

HealthEquity, Inc. (NASDAQ:HQY) Ratings Coverage

Among 13 analysts covering HealthEquity Inc (NASDAQ:HQY), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. HealthEquity Inc had 32 analyst reports since August 18, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Barrington Research on Tuesday, December 8. Robert W. Baird maintained the stock with “Hold” rating in Tuesday, September 19 report. The stock has “Neutral” rating by Robert W. Baird on Wednesday, February 7. The stock has “Buy” rating by Chardan Capital Markets on Tuesday, December 13. Cantor Fitzgerald maintained HealthEquity, Inc. (NASDAQ:HQY) rating on Thursday, July 13. Cantor Fitzgerald has “Buy” rating and $5600 target. The stock has “Hold” rating by TheStreet on Tuesday, October 13. As per Wednesday, July 5, the company rating was maintained by Cantor Fitzgerald. Chardan Capital Markets maintained HealthEquity, Inc. (NASDAQ:HQY) rating on Wednesday, June 7. Chardan Capital Markets has “Buy” rating and $5700 target. Oppenheimer maintained the shares of HQY in report on Wednesday, June 7 with “Buy” rating. The company was reinitiated on Friday, October 28 by JP Morgan.

More recent HealthEquity, Inc. (NASDAQ:HQY) news were published by: Globenewswire.com which released: “HealthEquity’s Jon Soldan Named to Utah Business’ Forty Under 40” on February 09, 2018. Also Globenewswire.com published the news titled: “HealthEquity to Announce Year-End HSAs and Custodial Assets” on January 23, 2018. Globenewswire.com‘s news article titled: “HealthEquity Reports Year-End Sales Metrics” with publication date: February 06, 2018 was also an interesting one.

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