What’s in Teladoc Inc (NYSE:TDOC) After Decline in Shorted Shares?

July 14, 2018 - By Kyle Williams

Teladoc, Inc. (NYSE:TDOC) Logo

The stock of Teladoc Inc (NYSE:TDOC) registered a decrease of 6.42% in short interest. TDOC’s total short interest was 17.64M shares in July as published by FINRA. Its down 6.42% from 18.85 million shares, reported previously. With 573,000 shares average volume, it will take short sellers 31 days to cover their TDOC’s short positions. The short interest to Teladoc Inc’s float is 35.74%.

The stock increased 0.99% or $0.65 during the last trading session, reaching $66.1. About 1.09M shares traded. Teladoc, Inc. (NYSE:TDOC) has risen 66.23% since July 14, 2017 and is uptrending. It has outperformed by 53.66% the S&P500.

Teladoc, Inc. operates a telehealth platform that provides on-demand healthcare services to its members in the United States. The company has market cap of $4.21 billion. The Company’s solution connects clients with its physicians and behavioral health professionals that treat a range of conditions and cases, including acute diagnoses, such as upper respiratory infection, urinary tract infection, and sinusitis; dermatological conditions; anxiety; and smoking cessation. It currently has negative earnings. The firm offers its services through mobile devices, the Internet, video, and phone.

Teladoc, Inc. (NYSE:TDOC) Ratings Coverage

Among 14 analysts covering Teladoc (NYSE:TDOC), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. Teladoc has $72 highest and $35 lowest target. $55.43’s average target is -16.14% below currents $66.1 stock price. Teladoc had 24 analyst reports since January 23, 2018 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Neutral” on Tuesday, June 5. Canaccord Genuity maintained the stock with “Buy” rating in Wednesday, February 28 report. On Tuesday, April 3 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Thursday, March 15. Canaccord Genuity maintained the stock with “Buy” rating in Tuesday, January 30 report. The stock of Teladoc, Inc. (NYSE:TDOC) earned “Overweight” rating by KeyBanc Capital Markets on Monday, July 9. The rating was maintained by Citigroup with “Buy” on Tuesday, June 5. The rating was maintained by Cantor Fitzgerald on Monday, June 4 with “Hold”. The firm earned “Buy” rating on Friday, February 9 by Piper Jaffray. KeyBanc Capital Markets maintained Teladoc, Inc. (NYSE:TDOC) on Thursday, March 15 with “Overweight” rating.

More recent Teladoc, Inc. (NYSE:TDOC) news were published by: Seekingalpha.com which released: “Premarket analyst action – healthcare” on July 09, 2018. Also Globenewswire.com published the news titled: “Teladoc to Announce Second Quarter 2018 Financial Results” on July 11, 2018. Fool.com‘s news article titled: “Why Teladoc Inc. Stock Is Up 87% So Far This Year” with publication date: July 09, 2018 was also an interesting one.

Teladoc, Inc. (NYSE:TDOC) Ratings Chart

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