Looking Into Elevance Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Elevance Health's (NYSE:ELV) short percent of float has risen 40.68% since its last report, with 1.95 million shares sold short, which is 0.83% of all regular shares available for trading. It would take traders 1.72 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.27%.
October 05, 2023 | 1:08 pm
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Elevance Health's short interest has increased significantly, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
The increase in short interest indicates that more traders are betting on the stock's price to fall, which is a bearish signal. However, the fact that Elevance Health's short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100