Looking Into Cigna Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cigna Group's (NYSE:CI) short percent of float has fallen 11.54% since its last report, with 2.71 million shares sold short, which is 0.92% 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 7.63%.
September 25, 2023 | 3:15 pm
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Cigna Group's short interest has decreased, which could indicate a more bullish sentiment towards the company's stock. This, combined with the fact that its short interest is lower than its peers, could potentially impact the stock positively in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest often signals a more bullish sentiment, which could lead to an increase in stock price. Additionally, having a lower short interest than its peers could make Cigna more attractive to investors.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100