How Is The Market Feeling About Centene?
Portfolio Pulse from Benzinga Insights
Centene's (NYSE:CNC) short percent of float has risen 3.05% since its last report, with 6.50 million shares sold short, which is 1.35% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Centene has less short interest as a percentage of float (3.45%).
July 24, 2023 | 2:00 pm
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Increased short interest in Centene could indicate bearish market sentiment, potentially impacting the stock negatively in the short term.
Short interest is a measure of market sentiment. An increase in short interest can indicate that investors are expecting the stock's price to fall, which could put downward pressure on the stock in the short term. However, it's worth noting that Centene's short interest is less than its peers' average, which could mitigate some of this potential negative impact.
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