Teladoc Inc (NYSE:TDOC)’s Trend Unknown, Especially After Increased Shorts

April 16, 2018 - By Adrian Mccoy

Teladoc, Inc. (NYSE:TDOC) Logo

The stock of Teladoc Inc (NYSE:TDOC) registered an increase of 5.61% in short interest. TDOC’s total short interest was 19.78M shares in April as published by FINRA. Its up 5.61% from 18.73 million shares, reported previously. With 1.24 million shares average volume, it will take short sellers 16 days to cover their TDOC’s short positions. The short interest to Teladoc Inc’s float is 40.09%.

The stock increased 0.36% or $0.15 during the last trading session, reaching $41.3. About 142,719 shares traded. Teladoc, Inc. (NYSE:TDOC) has risen 60.43% since April 16, 2017 and is uptrending. It has outperformed by 48.88% the S&P500.

Teladoc, Inc. operates a telehealth platform that provides on-demand healthcare services to its members in the United States. The company has market cap of $2.57 billion. The Company’s solution connects clients with its physicians and behavioral health professionals that treat a range of conditions and cases, including acute diagnoses, such as upper respiratory infection, urinary tract infection, and sinusitis; dermatological conditions; anxiety; and smoking cessation. It currently has negative earnings. The firm offers its services through mobile devices, the Internet, video, and phone.

Teladoc, Inc. (NYSE:TDOC) Ratings Coverage

Among 10 analysts covering Teladoc (NYSE:TDOC), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Teladoc had 20 analyst reports since October 18, 2017 according to SRatingsIntel. Piper Jaffray maintained the stock with “Buy” rating in Friday, February 9 report. The stock of Teladoc, Inc. (NYSE:TDOC) earned “Buy” rating by Canaccord Genuity on Tuesday, January 30. Deutsche Bank initiated it with “Buy” rating and $39.0 target in Friday, December 8 report. The firm has “Buy” rating given on Wednesday, February 28 by Canaccord Genuity. Deutsche Bank downgraded Teladoc, Inc. (NYSE:TDOC) on Thursday, March 15 to “Hold” rating. The rating was maintained by Cantor Fitzgerald on Wednesday, February 28 with “Neutral”. Robert W. Baird maintained the shares of TDOC in report on Friday, October 20 with “Hold” rating. Canaccord Genuity maintained Teladoc, Inc. (NYSE:TDOC) rating on Wednesday, October 18. Canaccord Genuity has “Buy” rating and $42.0 target. The firm has “Buy” rating given on Friday, April 13 by Canaccord Genuity. The rating was maintained by KeyBanc Capital Markets with “Overweight” on Thursday, March 15.

Teladoc, Inc. (NYSE:TDOC) Ratings Chart

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