Short Interest in Health In Tech, Inc. (NASDAQ:HIT) Increases By 145.9%

Health In Tech, Inc. (NASDAQ:HIT) was the target of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 453,623 shares, an increase of 145.9% from the February 26th total of 184,486 shares. Based on an average trading volume of 225,614 shares, the short-interest ratio is presently 2.0 days. Approximately 0.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Health In Tech

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC acquired a new stake in Health In Tech in the 1st quarter valued at approximately $41,000. Jane Street Group LLC acquired a new position in Health In Tech during the 1st quarter worth $48,000. Squarepoint Ops LLC bought a new position in shares of Health In Tech in the third quarter worth $46,000. Two Sigma Investments LP bought a new position in shares of Health In Tech in the third quarter worth $386,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Health In Tech during the third quarter valued at $45,000.

Health In Tech Stock Down 13.7%

Shares of NASDAQ:HIT opened at $1.39 on Friday. The company’s 50-day moving average price is $1.42 and its 200 day moving average price is $1.96. The company has a market cap of $79.10 million, a PE ratio of 46.33 and a beta of 7.93. Health In Tech has a fifty-two week low of $0.51 and a fifty-two week high of $4.02.

Health In Tech (NASDAQ:HIT) last posted its earnings results on Wednesday, March 25th. The company reported ($0.01) EPS for the quarter, hitting the consensus estimate of ($0.01). The firm had revenue of $7.51 million during the quarter.

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.