Talkspace, Inc. (NASDAQ:TALKW – Get Free Report) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 3,200 shares, a decline of 46.7% from the February 29th total of 6,000 shares. Based on an average daily volume of 24,000 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Talkspace stock. Walleye Capital LLC grew its holdings in Talkspace, Inc. (NASDAQ:TALKW – Free Report) by 640.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,015,842 shares of the company’s stock after purchasing an additional 878,571 shares during the period. Walleye Capital LLC’s holdings in Talkspace were worth $61,000 as of its most recent SEC filing.
Talkspace Trading Up 2.1 %
TALKW traded up $0.00 during trading on Thursday, reaching $0.23. The company had a trading volume of 400 shares, compared to its average volume of 25,473. Talkspace has a 12-month low of $0.03 and a 12-month high of $0.29. The firm’s 50-day simple moving average is $0.16 and its 200 day simple moving average is $0.14.
About Talkspace
Talkspace, Inc operates as a virtual behavioral healthcare company. The company offers psychotherapy and psychiatry services through its platform to individuals, enterprises, and health plans through both business-to-business and business-to-consumer channels. It provides text, audio, and video-based psychotherapy from licensed therapists.
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