(UNH) - Analyzing UnitedHealth Group's Short Interest
Portfolio Pulse from Benzinga Insights
UnitedHealth Group's (NYSE:UNH) short percent of float has risen 9.23% since its last report, with 6.58 million shares sold short, which is 0.71% 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, UnitedHealth Group has less short interest as a percentage of float, with an average of 3.80%.
August 04, 2023 | 11:21 am
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UnitedHealth Group's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is less than its peers' average.
An increase in short interest often indicates a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price. However, the fact that UnitedHealth Group's short interest is less than its peers' average could mitigate this effect.
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