How Is The Market Feeling About Cardinal Health?
Portfolio Pulse from Benzinga Insights
Cardinal Health (NYSE:CAH) has seen a decrease in short interest, with 8.61 million shares sold short, representing 4.72% of its float. This is a 19.32% decrease from its last report, taking an average of 3.06 days for traders to cover short positions. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors. Cardinal Health's short interest is higher than its peer group average of 3.84%.
April 08, 2024 | 8:45 pm
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Cardinal Health's short interest has decreased, indicating a potentially more bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Cardinal Health, this decrease could signal a positive shift in market sentiment, potentially leading to a short-term increase in stock price. However, it's important to consider other market factors and news that could influence the stock's performance.
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