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Shares of eHealth (NASDAQ:EHTH) were the target of a significant drop in short interest in August. As of August 15th, there was short interest totalling 1,039,063 shares, a drop of 29.8% from the July 31st total of 1,481,160 shares, AnalystRatings.NET reports. Based on an average daily trading volume, of 579,094 shares, the days-to-cover ratio is presently 1.8 days. Approximately 6.0% of the shares of the stock are sold short.

EHTH has been the subject of a number of recent research reports. Analysts at Bank of America downgraded shares of eHealth from a “buy” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $24.00 price target on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of eHealth in a research note on Thursday, July 31st. They now have a $45.00 price target on the stock, down previously from $60.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of eHealth in a research note on Thursday, July 31st. They now have a $27.00 price target on the stock, down previously from $36.00. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $38.63.

Shares of eHealth (NASDAQ:EHTH) opened at 26.00 on Friday. eHealth has a 1-year low of $18.70 and a 1-year high of $63.32. The stock has a 50-day moving average of $25.4 and a 200-day moving average of $38.20. The company’s market cap is $461.9 million.

eHealth (NASDAQ:EHTH) last released its earnings data on Wednesday, July 30th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.13. The company had revenue of $42.59 million for the quarter, compared to the consensus estimate of $47.40 million. During the same quarter in the previous year, the company posted $0.12 earnings per share. The company’s revenue for the quarter was up 7.0% on a year-over-year basis. On average, analysts predict that eHealth will post $0.04 earnings per share for the current fiscal year.

eHealth, Inc (NASDAQ:EHTH) offers Internet-based health insurance agency services for individuals, families and small businesses in the United States, as well as technology licensing and Internet advertising services.

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