How Is The Market Feeling About Teladoc Health?
Portfolio Pulse from Benzinga Insights
Teladoc Health (NYSE:TDOC) has seen a decrease in short interest, with 19.23 million shares sold short, representing 13.21% of its float. This is a decline of 16.34% from its last report, indicating a potential shift in market sentiment towards the stock. The current short interest suggests a more bullish outlook compared to the peer group average of 4.77% short interest as a percentage of float.
March 18, 2024 | 4:45 pm
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Teladoc Health's short interest has decreased significantly, indicating a potential shift in market sentiment towards a more bullish outlook.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For Teladoc Health, the significant drop in short interest compared to its peers suggests that the market may be starting to view the company more favorably, potentially leading to a short-term increase in its stock price.
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