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 current short percent of float at 2.81%, down 5.39% from the last report. The company has 2.46 million shares sold short, requiring an average of 3.25 days for traders to cover their positions. This decline in short interest could indicate a more bullish sentiment towards EHC compared to its peers, where the average short interest as a percentage of float is 6.61%.
March 13, 2024 | 4:45 pm
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Encompass Health's short interest has decreased, indicating a potentially more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are less bearish on the stock, potentially leading to less selling pressure and a more favorable outlook for the stock price in the short term. Given that EHC's short interest is significantly below its peer average, this could further indicate stronger relative confidence in the company's performance.
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RELEVANCE 90