Looking Into Molina Healthcare's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Molina Healthcare's (NYSE:MOH) short interest has increased by 7.26% since the last report, with 1.66 million shares sold short, representing 3.25% of its float. It would take about 3.56 days to cover these short positions based on current trading volume. This rise in short interest can indicate a more bearish market sentiment towards MOH, although it has less short interest compared to its peer group average of 3.92%. The increase in short interest doesn't necessarily predict a price drop but indicates heightened short selling activity.
March 15, 2024 | 8:45 pm
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Molina Healthcare's short interest has increased, indicating a potentially more bearish sentiment towards the stock. However, it's below its peer group average.
The increase in short interest for Molina Healthcare suggests that investors might be expecting the stock price to decline, which could lead to a negative short-term impact on the stock price. However, being below the peer group average in short interest might mitigate some negative perceptions, indicating a mixed sentiment among investors.
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IMPORTANCE 70
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