Looking Into Cigna Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cigna Group's (NYSE:CI) short percent of float has fallen 15.24% since its last report, with 2.62 million shares sold short, which is 0.89% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Cigna. Compared to its peers, Cigna has less short interest as a percentage of float, with an average of 8.03%.
August 10, 2023 | 4:30 pm
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Cigna Group's short interest has decreased, potentially indicating a more bullish market sentiment towards the company. This could positively impact the stock price in the short term.
Short interest is a measure of market sentiment. A decrease in short interest often indicates a more bullish sentiment, which could lead to an increase in stock price. As such, the decrease in Cigna's short interest could potentially lead to a positive impact on its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100