(CVS) - Analyzing CVS Health's Short Interest
Portfolio Pulse from Benzinga Insights
CVS Health's short percent of float has risen 15.83% since its last report, with 17.74 million shares sold short, which is 1.39% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, CVS Health's short interest as a percentage of float is less than its peer group average of 8.16%.
July 14, 2023 | 3:30 pm
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CVS Health's short interest has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
The increase in CVS Health's short interest indicates that traders are expecting the stock price to fall. However, the fact that CVS's short interest is less than its peer group average suggests that the bearish sentiment is not as strong compared to other similar companies. This could potentially limit the downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100