Looking Into CVS Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CVS Health's short percent of float has fallen 3.38% since its last report, with 18.39 million shares sold short, which is 1.43% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards CVS Health. Compared to its peers, CVS Health has less short interest, with an average of 7.92% for its peer group.
September 04, 2023 | 5:30 pm
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The decrease in short interest in CVS Health could indicate a more bullish sentiment towards the company's stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. Given that CVS Health's short interest has decreased and is lower than its peer group average, this could indicate a more bullish sentiment towards the company's stock.
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