Sharecare, Inc. (NASDAQ:SHCR) Short Interest Down 46.1% in July

Sharecare, Inc. (NASDAQ:SHCR) was the recipient of a significant decline in short interest during the month of July. As of July 15th, there was short interest totalling 7,030,000 shares, a decline of 46.1% from the June 30th total of 13,040,000 shares. Approximately 2.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,180,000 shares, the days-to-cover ratio is presently 1.7 days.

Analyst Ratings Changes

SHCR has been the subject of several research reports. Canaccord Genuity Group lowered Sharecare from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 21st. BTIG Research cut Sharecare from a “buy” rating to a “neutral” rating in a research note on Monday, April 1st. Morgan Stanley upped their price objective on shares of Sharecare from $1.00 to $1.43 and gave the company an “equal weight” rating in a research note on Monday, June 24th. Finally, Canaccord Genuity Group restated a “hold” rating and set a $1.43 price target (down previously from $2.00) on shares of Sharecare in a report on Friday, June 21st.

Sharecare Price Performance

Shares of NASDAQ SHCR remained flat at $1.38 during mid-day trading on Friday. 977,156 shares of the stock were exchanged, compared to its average volume of 4,626,816. The business has a 50-day simple moving average of $1.11 and a two-hundred day simple moving average of $0.97. Sharecare has a 1-year low of $0.48 and a 1-year high of $1.41. The stock has a market capitalization of $500.13 million, a P/E ratio of -3.73 and a beta of 0.50.

Sharecare (NASDAQ:SHCR) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sharecare had a negative net margin of 30.71% and a negative return on equity of 19.78%. The company had revenue of $90.86 million for the quarter, compared to analysts’ expectations of $103.80 million. During the same quarter in the prior year, the firm earned ($0.06) earnings per share. Research analysts expect that Sharecare will post -0.23 earnings per share for the current year.

Institutional Investors Weigh In On Sharecare

Several large investors have recently made changes to their positions in SHCR. Vanguard Group Inc. grew its position in Sharecare by 1.1% in the first quarter. Vanguard Group Inc. now owns 17,151,060 shares of the company’s stock worth $13,163,000 after acquiring an additional 189,029 shares in the last quarter. Private Management Group Inc. increased its position in Sharecare by 127.4% during the first quarter. Private Management Group Inc. now owns 9,284,572 shares of the company’s stock worth $7,126,000 after buying an additional 5,201,296 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Sharecare by 47.2% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 635,288 shares of the company’s stock worth $488,000 after acquiring an additional 203,843 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Sharecare by 22.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 290,987 shares of the company’s stock valued at $224,000 after acquiring an additional 54,142 shares during the last quarter. Finally, StoneX Group Inc. bought a new position in shares of Sharecare in the 1st quarter valued at approximately $102,000. Institutional investors own 35.08% of the company’s stock.

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 improve their health and well-being.