Peering Into Elevance Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Elevance Health's (NYSE:ELV) short percent of float has risen 4.41% since its last report, with 1.67 million shares sold short, which is 0.71% of all regular shares available for trading. It would take traders 1.0 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.80%.
August 09, 2023 | 6:00 pm
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Elevance Health's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
The increase in short percent of float indicates that more traders are betting on the stock's price to fall, which is a bearish signal. However, the company has less short interest than most of its peers, which could mean that it is less likely to experience a significant price drop due to short selling.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100