Short Interest in Sharecare, Inc. (NASDAQ:SHCR) Expands By 71.9%

Sharecare, Inc. (NASDAQ:SHCR) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 11,790,000 shares, an increase of 71.9% from the March 31st total of 6,860,000 shares. Based on an average daily trading volume, of 1,840,000 shares, the days-to-cover ratio is currently 6.4 days. Currently, 4.2% of the company’s shares are sold short.

Sharecare Stock Performance

SHCR opened at $0.81 on Friday. The stock has a market capitalization of $290.44 million, a PE ratio of -2.19 and a beta of 0.26. Sharecare has a one year low of $0.48 and a one year high of $1.80. The business’s 50 day moving average price is $0.85 and its 200 day moving average price is $0.98.

Sharecare (NASDAQ:SHCR) last announced its quarterly earnings results on Thursday, March 28th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $105.28 million during the quarter, compared to analyst estimates of $113.88 million. Sharecare had a negative net margin of 28.86% and a negative return on equity of 17.11%. As a group, equities research analysts forecast that Sharecare will post -0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SHCR. Pennsylvania Capital Management Inc. ADV purchased a new stake in shares of Sharecare in the 3rd quarter valued at approximately $6,252,000. Private Management Group Inc. purchased a new position in shares of Sharecare during the fourth quarter worth $4,410,000. WealthPlan Investment Management LLC lifted its stake in Sharecare by 1,307,971.1% during the 3rd quarter. WealthPlan Investment Management LLC now owns 1,177,264 shares of the company’s stock worth $1,107,000 after acquiring an additional 1,177,174 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Sharecare during the 3rd quarter valued at about $865,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Sharecare in the 4th quarter valued at about $76,000. Institutional investors and hedge funds own 35.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SHCR shares. BTIG Research downgraded Sharecare from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st. Morgan Stanley cut their price objective on shares of Sharecare from $1.50 to $1.00 and set an “equal weight” rating for the company in a research report on Monday, April 15th.

Sharecare Company Profile

Sharecare, Inc operates as a digital healthcare platform company. Its Sharecare platform connects people, patients, providers, employers, health plans, government organizations, and communities that optimize individual and population-wide well-being. The company offers enterprise solutions based on a software-as-a-service model that allows enterprise clients to message, motivate, and manage their populations, as well as measure their population progress; a suite of data and information-driven solutions; and life sciences solutions, which provides members with personalized information, programs, and resources to enhance their health and well-being.