How Is The Market Feeling About Elevance Health?
Portfolio Pulse from Benzinga Insights
Elevance Health's (NYSE:ELV) short percent of float has risen 18.97% since its last report, with 1.64 million shares sold short, representing 0.69% of all regular shares available for trading. The company's peer group average for short interest as a percentage of float is 2.93%, indicating less short interest than most of its peers.
May 18, 2023 | 4:15 pm
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Elevance Health's short interest has increased, but it remains lower than its peers' average. This indicates mixed market sentiment towards the stock.
The increase in short interest for Elevance Health indicates that some investors are becoming more bearish on the stock. However, the company's short interest remains lower than its peers' average, suggesting that overall market sentiment towards the stock is mixed. This could result in a neutral short-term impact on the stock price.
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