Peering Into Centene's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Centene's (NYSE:CNC) short percent of float has fallen 14.94% since its last report, with 6.31 million shares sold short, which is 1.31% of all regular shares available for trading. It would take traders 1.78 days to cover their short positions on average. Compared to its peers, Centene has less short interest as a percentage of float, which is 3.45% on average.
July 06, 2023 | 2:31 pm
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NEUTRAL IMPACT
Centene's short interest has decreased, indicating a potentially more bullish sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
Short interest is an indicator of market sentiment. A decrease in short interest can signal a more bullish sentiment towards a stock. However, it's important to note that this does not necessarily mean the stock price will rise in the near term. Other factors such as company performance, market conditions, and overall economic trends also play a significant role in determining stock prices.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100