HealthEquity, Inc. (NASDAQ:HQY – Get Rating) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 3,120,000 shares, a decline of 12.1% from the October 31st total of 3,550,000 shares. Based on an average daily trading volume, of 848,200 shares, the short-interest ratio is presently 3.7 days. Approximately 3.8% of the shares of the company are sold short.HealthEquity, Inc. (NASDAQ:HQY – Get Rating) was the recipient of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,550,000 shares, a drop of 10.1% from the October 15th total of 3,950,000 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 743,500 shares, the days-to-cover ratio is presently 4.8 days.Market for health savings and related accounts is expected to see sizable growth, which bodes well for HQY long-term. Click here to read why we are hold for this stock now.
The external fund manager backed by Berkshire Hathaway’s Charlie Munger, Li Lu, makes no bones about it when he says. Researching HealthEquity? Get The Latest HQY Stock Forecast, Price Target, Earnings Estimates, Headlines, Short Interest at MarketBeat.