Peering Into Humana's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Humana's (NYSE:HUM) short interest has decreased by 5.56% since the last report, with 2.71 million shares sold short, representing 2.21% of available shares. The average time to cover these short positions is 1.91 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Humana has less short interest compared to its peer group average of 3.13%.
November 29, 2023 | 1:30 pm
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Humana's short interest has decreased, which may suggest a more bullish sentiment among investors. The company has a lower short interest compared to its peers, which could be perceived positively by the market.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a short-term increase in its price. However, the article also cautions that this does not necessarily mean the stock will rise in the near term. The confidence level is not at the maximum because the relationship between short interest and stock price is not always direct and can be influenced by various other factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100