Health Insurance Innovations Class (NASDAQ:HIIQ) Stock Is Shorted More

September 17, 2017 - By Clifton Ray

 Health Insurance Innovations Class (NASDAQ:HIIQ) Stock Is Shorted More

Investors sentiment increased to 1.47 in Q4 2016. Its up 0.24, from 1.23 in 2016Q3. It improved, as 10 investors sold Health Insurance Innovations Inc shares while 9 reduced holdings. 20 funds opened positions while 8 raised stakes. 3.83 million shares or 9.31% more from 3.50 million shares in 2016Q3 were reported.
Federated Invsts Pa owns 897 shares. Moreover, Huntington State Bank has 0% invested in Health Insurance Innovations Inc (NASDAQ:HIIQ). Columbia L L C Invest Mngmt has invested 0.29% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Prtnrs Ltd Liability accumulated 77,100 shares. Northern Trust Corporation reported 0% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Renaissance Technologies Limited Liability Corporation invested in 213,900 shares or 0.01% of the stock. Prelude Cap Management Lc has invested 0.14% in Health Insurance Innovations Inc (NASDAQ:HIIQ). Engineers Gate Manager Limited Partnership reported 0.05% stake. Granite Point Capital L P accumulated 100,000 shares. Jacobs Levy Equity holds 25,773 shares or 0.01% of its portfolio. Bankshares Of America De reported 6,776 shares or 0% of all its holdings. Tower Capital Ltd (Trc) invested 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Deutsche Financial Bank Ag accumulated 0% or 187,454 shares. Goldman Sachs Gp Incorporated stated it has 0% of its portfolio in Health Insurance Innovations Inc (NASDAQ:HIIQ). Manufacturers Life Insurance The invested in 0% or 2,693 shares.

Since March 16, 2017, it had 1 insider buy, and 14 selling transactions for $3.14 million activity. 5,000 shares were sold by Hershberger Michael D, worth $83,963 on Monday, May 1. Wang Sheldon also sold $262,975 worth of Health Insurance Innovations Inc (NASDAQ:HIIQ) on Thursday, May 11. The insider Murley Robert S bought $140,770.

The stock of Health Insurance Innovations Class (NASDAQ:HIIQ) registered an increase of 5.06% in short interest. HIIQ’s total short interest was 1.67M shares in September as published by FINRA. Its up 5.06% from 1.59 million shares, reported previously. With 503,800 shares average volume, it will take short sellers 3 days to cover their HIIQ’s short positions. The short interest to Health Insurance Innovations Class’s float is 28.02%.

The stock increased 5.14% or $1.1 on September 15, reaching $22.5. About 1.53M shares traded or 34.21% up from the average. Health Insurance Innovations Inc (NASDAQ:HIIQ) has risen 227.83% since September 17, 2016 and is uptrending. It has outperformed by 211.13% the S&P500.

Health Insurance Innovations, Inc. is a developer, distributor and cloud administrator of individual and family health insurance plans and supplemental products, which include short-term medical (STM) insurance plans, and guaranteed-issue and underwritten hospital indemnity plans. The company has market cap of $369.95 million. The Firm also develops, distributes and administers supplemental products, which include a range of additional insurance and non-insurance products, such as pharmacy benefit cards, dental plans, vision plans, cancer/critical illness plans, deductible and gap protection plans, and life insurance policies that are purchased as supplements to IFP. It has a 19.38 P/E ratio. The Company’s STM plans are provided up to six months, 11 months, or 364 days of health insurance coverage with a range of deductible and copay levels.

Health Insurance Innovations Inc (NASDAQ:HIIQ) Ratings Coverage

Among 6 analysts covering Health Insurance Innovations Inc (NASDAQ:HIIQ), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Health Insurance Innovations Inc had 18 analyst reports since August 13, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, June 26 by Raymond James. The stock of Health Insurance Innovations Inc (NASDAQ:HIIQ) earned “Buy” rating by Northland Capital on Friday, June 30. Cantor Fitzgerald maintained the shares of HIIQ in report on Monday, September 11 with “Buy” rating. The firm has “Buy” rating by Northland Capital given on Wednesday, August 2. As per Friday, August 4, the company rating was maintained by Canaccord Genuity. The company was downgraded on Thursday, June 9 by Raymond James. The rating was maintained by Cantor Fitzgerald on Monday, July 17 with “Buy”. The firm has “Buy” rating by Lake Street given on Friday, December 30. The firm earned “Buy” rating on Friday, July 28 by Canaccord Genuity. The company was maintained on Friday, September 1 by Cantor Fitzgerald.

More notable recent Health Insurance Innovations Inc (NASDAQ:HIIQ) news were published by: Prnewswire.com which released: “RM LAW Announces Class Action Lawsuit Against Health Insurance Innovations, Inc.” on September 15, 2017, also Benzinga.com with their article: “Health Insurance Innovations And Fraud: Here’s What You Need To Know” published on September 12, 2017, Businesswire.com published: “HEALTH INSURANCE INNOVATIONS LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi …” on September 12, 2017. More interesting news about Health Insurance Innovations Inc (NASDAQ:HIIQ) were released by: Seekingalpha.com and their article: “Health Insurance Innovations: Penalties To Exceed $100 Million And Undisclosed …” published on September 11, 2017 as well as Nasdaq.com‘s news article titled: “The Zacks Analyst Blog Highlights: Health Insurance Innovations, BioTelemetry …” with publication date: August 22, 2017.

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