Peering Into Clover Health Investments's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Clover Health Investments (NYSE:CLOV) has seen a 6.6% increase in its short percent of float since the last report, with 29.52 million shares sold short, representing 7.43% of available shares. This indicates a bearish market sentiment, although it's not a definitive predictor of stock price movement. Clover Health's short interest is higher than its peer group average of 3.32%.
March 15, 2024 | 4:15 pm
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Clover Health Investments has experienced a 6.6% increase in short interest, indicating a bearish sentiment among investors.
The increase in short interest for Clover Health Investments suggests that investors are becoming more bearish on the stock. This could lead to increased selling pressure in the short term, potentially impacting the stock price negatively. However, it's important to note that short interest is just one of many factors that can influence stock prices.
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