(HUM) - Analyzing Humana's Short Interest
Portfolio Pulse from Benzinga Insights
Humana's (NYSE:HUM) short percent of float has risen 3.15% since its last report, with 1.63 million shares sold short, which is 1.31% of all regular shares available for trading. An increase in short interest can signal that investors have become more bearish. However, Humana's peer group average for short interest as a percentage of float is 3.45%, which means the company has less short interest than most of its peers.
July 10, 2023 | 5:01 pm
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Humana's short percent of float has increased, indicating a bearish sentiment among investors. However, compared to its peers, Humana has less short interest.
The increase in short interest indicates that more investors are betting against Humana, which could put downward pressure on the stock. However, the fact that Humana has less short interest than its peers could mean that it is less likely to experience a significant drop in price compared to other companies in its industry.
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