(CHE) - Analyzing Chemed's Short Interest
Portfolio Pulse from Benzinga Insights
Chemed (NYSE:CHE) has seen its short percent of float increase by 3.02% since the last report, with 441 thousand shares sold short, representing 3.41% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock movement. Chemed's short interest is below its peer group average of 10.07%, suggesting less bearish sentiment compared to its peers.
March 04, 2024 | 5:45 pm
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Chemed's increase in short interest suggests a bearish sentiment among investors, but it remains below the peer average, indicating less negativity compared to its peers.
The increase in short interest for Chemed indicates that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average suggests that the sentiment is not as negative as it could be, which might limit the downside.
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IMPORTANCE 70
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