(AGL) - Analyzing Agilon Health's Short Interest
Portfolio Pulse from Benzinga Insights
Agilon Health (NYSE:AGL) has seen a 3.2% decrease in short interest since its last report, with 45.59 million shares sold short, representing 39.66% of its float. The average time to cover these short positions is 20.54 days. Short interest is a market sentiment indicator, and a decrease suggests investors may be more bullish on AGL. Compared to its peers, AGL has a significantly higher short interest percentage of float, with the peer group average at 7.21%.
January 24, 2024 | 5:30 pm
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Agilon Health's short interest has decreased, which may indicate a more bullish sentiment among investors. However, the high short interest relative to peers suggests caution.
A decrease in short interest typically suggests that investors are less bearish on a stock, which could lead to an increase in its price in the short term. However, the fact that AGL's short interest is still significantly higher than its peers' average indicates that the stock may still be viewed with skepticism by the market. The confidence score is not at the maximum due to the complexity of market sentiment and other factors that could influence the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100