(CNC) - Analyzing Centene's Short Interest
Portfolio Pulse from Benzinga Insights
Centene's (NYSE:CNC) short percent of float has risen 4.03% since its last report, with 6.14 million shares sold short, which is 1.29% of all regular shares available for trading. It would take traders 1.97 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.27%.
August 25, 2023 | 4:15 pm
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Centene's short percent of float has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest indicates that traders are expecting the stock price to fall. However, the fact that Centene has less short interest than most of its peers could mean that it is less likely to experience a significant price drop compared to its peers.
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