Peering Into Elevance Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Elevance Health's (NYSE:ELV) short percent of float has fallen 14.49% since its last report, with 1.39 million shares sold short, which is 0.59% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Elevance Health has less short interest as a percentage of float, with an average of 3.26%.
September 18, 2023 | 7:45 pm
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Elevance Health's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company's short interest is also lower than its peer average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Elevance Health's short interest is lower than its peer average, could potentially have a positive impact on the stock's price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100