Peering Into UnitedHealth Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
UnitedHealth Group (NYSE:UNH) has seen a 15.62% decrease in short interest since its last report, with 5.00 million shares sold short, representing 0.54% of its float. The average time to cover these short positions is 1.65 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, UNH has a lower short interest as a percentage of float, with the peer group average at 3.25%.
December 21, 2023 | 7:15 pm
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UnitedHealth Group's short interest has decreased, suggesting a more bullish market sentiment and potentially less downward pressure on the stock price in the short term.
The decrease in short interest for UnitedHealth Group indicates that fewer investors are betting against the stock, which could reduce selling pressure and potentially lead to a short-term increase in the stock price. However, short interest is just one of many factors that can affect stock prices, and the impact may not be immediate or significant.
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