Hagerty, Inc. (NYSE:HGTY – Get Rating) was the recipient of a large increase in short interest in May. As of May 31st, there was short interest totalling 2,190,000 shares, an increase of 40.4% from the May 15th total of 1,560,000 shares. Based on an average trading volume of 267,300 shares, the short-interest ratio is presently 8.2 days. Currently, 3.1% of the company’s stock are short sold.

Hedge funds have recently made changes to their positions in the stock. CWM LLC purchased a new stake in Hagerty during the 4th quarter valued at about $28,000. Fifth Third Bancorp purchased a new stake in Hagerty during the 4th quarter valued at about $35,000. Advisor Group Holdings Inc. purchased a new stake in Hagerty during the 4th quarter valued at about $43,000. Wells Fargo & Company MN purchased a new stake in Hagerty during the 4th quarter valued at about $62,000. Finally, Huntington National Bank purchased a new stake in Hagerty during the 4th quarter valued at about $62,000. Hedge funds and other institutional investors own 19.23% of the company’s stock.

Shares of HGTY traded up $0.24 during trading hours on Wednesday, hitting $11.00. The company had a trading volume of 180,320 shares, compared to its average volume of 223,162. Hagerty has a one year low of $7.23 and a one year high of $19.97. The company’s fifty day moving average price is $9.90 and its two-hundred day moving average price is $12.72. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40.

Hagerty (NYSE:HGTY – Get Rating) last announced its earnings results on Monday, May 9th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $167.81 million during the quarter.

About Hagerty (Get Rating)

Hagerty, Inc provides insurance agency services worldwide. It offers automobile and boat insurance products; and reinsurance products. The company also provides Hagerty Media, which publishes contents through the HDC Magazine, video content, YouTube channel; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts; HVT, a valuation tool used by the customer to access current and historic pricing data of collector car, truck, SUV, and motorcycle models; and Hagerty Events, an eclectic mix of small and large events.

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