Looking Into UnitedHealth Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
UnitedHealth Group's (NYSE:UNH) short percent of float has risen 21.43% since its last report, with 6.31 million shares sold short, which is 0.68% of all regular shares available for trading. It would take traders 2.25 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, UnitedHealth Group's peer group average for short interest as a percentage of float is 3.29%, which means the company has less short interest than most of its peers.
October 04, 2023 | 6:00 pm
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UnitedHealth Group's short interest has increased, indicating a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short interest indicates that more investors are betting against UnitedHealth Group, which could put downward pressure on the stock price in the short term. However, the company's lower short interest compared to its peers could indicate less bearish sentiment overall.
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