Health In Tech, Inc. (NASDAQ:HIT) Short Interest Up 25.0% in February

Health In Tech, Inc. (NASDAQ:HIT) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 184,486 shares, a growth of 25.0% from the February 12th total of 147,645 shares. Based on an average trading volume of 92,641 shares, the days-to-cover ratio is currently 2.0 days. Currently, 0.3% of the shares of the stock are short sold. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 92,641 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Investors Weigh In On Health In Tech

A number of institutional investors and hedge funds have recently bought and sold shares of HIT. XTX Topco Ltd acquired a new position in shares of Health In Tech in the fourth quarter worth $203,000. State Street Corp lifted its position in shares of Health In Tech by 195.3% in the fourth quarter. State Street Corp now owns 62,900 shares of the company’s stock valued at $100,000 after acquiring an additional 41,600 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Health In Tech by 307.9% during the fourth quarter. Jane Street Group LLC now owns 50,648 shares of the company’s stock valued at $81,000 after acquiring an additional 38,230 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Health In Tech during the 4th quarter worth about $214,000. Finally, Geode Capital Management LLC raised its stake in Health In Tech by 46.6% in the 4th quarter. Geode Capital Management LLC now owns 170,502 shares of the company’s stock valued at $271,000 after purchasing an additional 54,217 shares during the last quarter.

Health In Tech Price Performance

Shares of NASDAQ HIT traded up $0.01 on Tuesday, hitting $1.72. The company’s stock had a trading volume of 50,672 shares, compared to its average volume of 182,962. The stock has a 50 day moving average of $1.38 and a 200-day moving average of $2.02. The company has a market capitalization of $97.88 million, a price-to-earnings ratio of 57.33 and a beta of 7.93. Health In Tech has a 12-month low of $0.51 and a 12-month high of $4.02.

Health In Tech Company Profile

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.