Looking Into Encompass Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Encompass Health (NYSE:EHC) has seen a decrease in short interest, with the short percent of float falling 7.76% to 2.97%. This indicates fewer shares are being shorted, suggesting a potential shift in market sentiment towards the stock. The current short interest stands at 2.61 million shares, requiring approximately 5.2 days for traders to cover their short positions. This change is notable compared to the peer group average of 5.17% short interest as a percentage of float, positioning Encompass Health more favorably.
February 26, 2024 | 4:15 pm
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Encompass Health's short interest has decreased, suggesting a potential improvement in market sentiment towards the company. With a short interest of 2.97% and 2.61 million shares sold short, it's positioned more favorably compared to its peers.
The decrease in short interest for Encompass Health indicates a potential shift in market sentiment from bearish to bullish. This is further supported by the fact that its short interest is below the peer group average, suggesting a more favorable outlook among investors. Given these factors, there could be a short-term positive impact on EHC's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100