How Is The Market Feeling About Centene?
Portfolio Pulse from Benzinga Insights
Centene's (NYSE:CNC) short percent of float has risen 6.45% since its last report, with 6.27 million shares sold short, which is 1.32% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Centene has less short interest as a percentage of float (3.20%).
October 02, 2023 | 1:00 pm
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The increase in short interest in Centene's shares indicates a bearish sentiment among investors. However, compared to its peers, Centene has less short interest.
The increase in short interest indicates that more investors are betting that Centene's stock price will fall. This could put downward pressure on the stock price in the short term. However, the fact that Centene has less short interest compared to its peers could indicate that it is less likely to experience a significant price drop compared to other companies in its industry.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100