Looking Into Cigna Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cigna Group's (NYSE:CI) short percent of float has risen 19.57% since its last report, with 3.24 million shares sold short, which is 1.1% of all regular shares available for trading. It would take traders 2.87 days to cover their short positions on average. The company's short interest is less than most of its peers, with an average of 7.87%.
October 12, 2023 | 7:45 pm
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Cigna Group's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than most of its peers.
An increase in short interest indicates that traders expect the stock's price to fall. However, Cigna's short interest is less than most of its peers, which could mean that traders are less bearish on Cigna compared to its peers.
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