How Is The Market Feeling About Cigna Group?
Portfolio Pulse from Benzinga Insights
Cigna Group (NYSE:CI) has seen a decrease in short interest, with the short percent of float dropping 8.4% since the last report. The company has 3.51 million shares sold short, representing 1.2% of available shares for trading. The current short interest suggests it would take 1.91 days to cover all short positions. This decline in short interest may indicate a more bullish sentiment towards CI compared to its peers, which have an average short interest of 9.30% of float.
January 31, 2024 | 2:30 pm
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Cigna Group's short interest has decreased, which may suggest a more bullish sentiment among investors. With a lower short interest compared to its peers, CI could see less downward pressure from short sellers in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can reduce the likelihood of downward pressure from short selling. As CI's short interest is lower than its peers, this could be a positive sign for the stock's short-term performance. However, short interest is just one of many factors that can affect stock prices, so while the impact is likely positive, it is not guaranteed.
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