Peering Into Elevance Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Elevance Health's (NYSE:ELV) short percent of float has fallen 4.94% since its last report, with 1.82 million shares sold short, which is 0.77% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Elevance Health has less short interest.
July 07, 2023 | 3:02 pm
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Elevance Health's short interest has decreased, which could indicate a more bullish sentiment towards the stock. The company has less short interest compared to its peers.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Furthermore, Elevance Health has less short interest compared to its peers, which could make it more attractive to investors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100