Looking Into Elevance Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Elevance Health (NYSE:ELV) has seen a 13.04% decrease in short interest since its last report, with 1.88 million shares sold short, representing 0.8% of its float. The average time to cover these short positions is 2.06 days. A decrease in short interest can indicate a more bullish sentiment among investors. Elevance Health's short interest is below its peer group average of 3.54%.
January 23, 2024 | 1:45 pm
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Elevance Health's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
The reduction in short interest for Elevance Health suggests that investors are becoming more optimistic about the company's stock, potentially leading to a short-term increase in its price. However, short interest is just one indicator and does not guarantee stock movement.
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