Looking Into Humana's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Humana's (NYSE:HUM) short percent of float has risen 41.38% since its last report, with 3.06 million shares sold short, which is 2.46% of all regular shares available for trading. It would take traders 1.61 days to cover their short positions on average. 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 3.55%, which means the company has less short interest than most of its peers.
August 04, 2023 | 6:15 pm
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NEGATIVE IMPACT
Humana's short percent of float has increased, indicating a potential bearish sentiment among investors. However, it's less than its peer group average.
The increase in short percent of float indicates that more investors are betting against Humana, which could put downward pressure on the stock price in the short term. However, the fact that Humana's short interest is less than its peer group average could mitigate this effect.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100