Looking Into Centene's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Centene Corporation (NYSE:CNC) has seen a 15.61% decrease in short interest, now at 8.20 million shares or 1.73% of float, with a 2.58-day average to cover. This decline in short interest could indicate a more bullish sentiment towards CNC compared to its peers, where the average short interest as a percentage of float is 4.06%.
April 22, 2024 | 7:45 pm
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Centene's short interest has decreased significantly, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are less bearish on the stock, potentially leading to an increase in its price in the short term. Given that Centene's short interest is now significantly lower than its peer average, this could indicate stronger confidence in the company's performance relative to its competitors.
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