What’s in Healthequity Incorporated (NASDAQ:HQY) After Decline in Shorted Shares?

January 21, 2018 - By Clifton Ray

 What’s in Healthequity Incorporated (NASDAQ:HQY) After Decline in Shorted Shares?

The stock of Healthequity Incorporated (NASDAQ:HQY) registered a decrease of 6.88% in short interest. HQY’s total short interest was 5.60 million shares in January as published by FINRA. Its down 6.88% from 6.01M 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 decreased 0.39% or $0.19 during the last trading session, reaching $48.21. About 448,073 shares traded. HealthEquity, Inc. (NASDAQ:HQY) has risen 95.58% since January 21, 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 $2.93 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 64.89 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 29 analyst reports since August 18, 2015 according to SRatingsIntel. On Friday, October 28 the stock rating was reinitiated by JP Morgan with “Overweight”. The company was maintained on Wednesday, March 23 by Barrington Research. The stock has “Hold” rating by Robert W. Baird on Tuesday, September 19. The firm has “Hold” rating by TheStreet given on Tuesday, October 13. The stock of HealthEquity, Inc. (NASDAQ:HQY) has “Buy” rating given on Tuesday, December 13 by Chardan Capital Markets. The firm has “Market Outperform” rating by Avondale given on Wednesday, March 23. Barrington Research maintained HealthEquity, Inc. (NASDAQ:HQY) rating on Tuesday, December 8. Barrington Research has “Outperform” rating and $38 target. Oppenheimer maintained it with “Buy” rating and $5700 target in Wednesday, June 7 report. The firm earned “Buy” rating on Tuesday, September 5 by KeyBanc Capital Markets. The rating was maintained by Chardan Capital Markets on Wednesday, March 22 with “Buy”.

More recent HealthEquity, Inc. (NASDAQ:HQY) news were published by: Globenewswire.com which released: “HealthEquity Announces Strong Sales, Presentation at JP Morgan Healthcare …” on January 08, 2018. Also Streetinsider.com published the news titled: “HEALTHEQUITY, INC.” on January 08, 2018. Streetinsider.com‘s news article titled: “Form SC 13G/A HEALTHEQUITY INC Filed by: BlackRock Inc.” with publication date: January 19, 2018 was also an interesting one.

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