(CI) - Analyzing Cigna Group's Short Interest
Portfolio Pulse from Benzinga Insights
Cigna Group's (NYSE:CI) short percent of float has risen 7.77% since its last report, with 3.28 million shares sold short, which is 1.11% of all regular shares available for trading. It would take traders 2.12 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Cigna Group's peer group average for short interest as a percentage of float is 8.17%, which means the company has less short interest than most of its peers.
July 24, 2023 | 1:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Cigna Group's short percent of float has risen 7.77%, indicating a potential bearish sentiment among investors. However, compared to its peers, Cigna has less short interest.
The increase in short percent of float indicates that more investors are betting against Cigna, which could put downward pressure on the stock price in the short term. However, the fact that Cigna has less short interest than its peers could mean that it is viewed more favorably than other companies in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100