Looking Into Molina Healthcare's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Molina Healthcare's (NYSE:MOH) short interest has decreased by 4.99% since the last report, with 1.94 million shares sold short, representing 3.81% of available shares. The average time to cover these short positions is 6.47 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. However, MOH has a higher short interest than its peer group average of 2.90%.
December 08, 2023 | 2:00 pm
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Molina Healthcare's short interest has decreased, which may suggest a more bullish sentiment among investors. However, the stock still has a higher short interest compared to its peers.
The decrease in short interest for Molina Healthcare suggests that bearish sentiment is waning, which could lead to a short-term positive impact on the stock price. However, the fact that MOH's short interest is still higher than its peers might temper the positive impact. The score reflects a cautiously optimistic outlook based on the reported data.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100