Clover Health Investments, Corp. (NASDAQ:CLOV) Short Interest Update

Clover Health Investments, Corp. (NASDAQ:CLOV) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 15,080,000 shares, a drop of 8.2% from the January 15th total of 16,420,000 shares. Based on an average daily trading volume, of 6,160,000 shares, the days-to-cover ratio is presently 2.4 days.

Analysts Set New Price Targets

Separately, Craig Hallum started coverage on shares of Clover Health Investments in a report on Tuesday, December 17th. They issued a “buy” rating and a $6.00 price objective for the company.

Hedge Funds Weigh In On Clover Health Investments

A number of hedge funds have recently added to or reduced their stakes in the business. Phoenix Financial Ltd. boosted its holdings in Clover Health Investments by 6.8% in the fourth quarter. Phoenix Financial Ltd. now owns 39,000 shares of the company’s stock worth $123,000 after purchasing an additional 2,500 shares during the period. Forum Financial Management LP boosted its holdings in shares of Clover Health Investments by 33.8% during the third quarter. Forum Financial Management LP now owns 16,077 shares of the company’s stock valued at $45,000 after acquiring an additional 4,061 shares during the period. Steph & Co. boosted its holdings in shares of Clover Health Investments by 33.3% during the fourth quarter. Steph & Co. now owns 20,000 shares of the company’s stock valued at $63,000 after acquiring an additional 5,000 shares during the period. Parallax Volatility Advisers L.P. boosted its holdings in shares of Clover Health Investments by 47.7% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 19,855 shares of the company’s stock valued at $63,000 after acquiring an additional 6,408 shares during the period. Finally, Arizona State Retirement System boosted its holdings in shares of Clover Health Investments by 6.3% during the fourth quarter. Arizona State Retirement System now owns 118,265 shares of the company’s stock valued at $373,000 after acquiring an additional 6,990 shares during the period. Institutional investors and hedge funds own 19.77% of the company’s stock.

Clover Health Investments Trading Down 1.8 %

Clover Health Investments stock traded down $0.08 during mid-day trading on Monday, reaching $4.46. The company’s stock had a trading volume of 3,120,886 shares, compared to its average volume of 6,814,063. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of -22.30 and a beta of 1.99. The business has a 50 day moving average price of $3.83 and a 200-day moving average price of $3.44. Clover Health Investments has a twelve month low of $0.61 and a twelve month high of $4.87.

Clover Health Investments Company Profile

Clover Health Investments, Corp. provides medicare advantage plans in the United States. It operates through two segments: Insurance and Non-Insurance. It also offers Clover Assistant, a cloud-based software platform, that enables physicians to detect, identify, and manage chronic diseases earlier; and access to data-driven and personalized insights for the patients they treat.