Looking Into Teladoc Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Teladoc Health (NYSE:TDOC) has experienced an 8.52% increase in short interest since its last report, with 20.39 million shares sold short, representing 14.01% of its float. It would take about 4.09 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Teladoc's short interest is higher than its peer group average of 5.11%.
January 01, 2024 | 7:00 pm
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NEUTRAL IMPACT
Teladoc Health's short interest has increased, which may indicate bearish sentiment among investors. However, high short interest does not necessarily mean the stock price will fall in the short term.
While the increase in short interest suggests that investors may be expecting the price of TDOC to fall, the actual impact on the stock price in the short term is uncertain. Short interest is just one of many factors that can affect stock prices, and an increase in short interest can sometimes lead to a short squeeze if the stock unexpectedly moves higher.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80