How Is The Market Feeling About Elevance Health?
Portfolio Pulse from Benzinga Insights
Elevance Health's (NYSE:ELV) short percent of float has risen 3.53% since its last report, with 2.06 million shares sold short. This represents 0.88% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Elevance Health's short interest is less than its peer group average of 3.29%.
November 10, 2023 | 1:15 pm
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Elevance Health's short percent of float has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
An increase in short interest can indicate a bearish sentiment towards a stock. However, Elevance Health's short interest is less than its peer group average, which could mean that the market sentiment is not as bearish as it seems.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100