Peering Into Chemed's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chemed's (NYSE:CHE) short interest has decreased by 4.97%, with 451 thousand shares sold short, representing 3.44% of its float. This decline in short interest, compared to the peer group average of 10.10%, suggests a more bullish sentiment towards CHE. The coverage time for short positions is 6.59 days based on trading volume.
May 02, 2024 | 4:00 pm
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Chemed's decrease in short interest suggests a bullish market sentiment, potentially leading to a positive short-term price movement.
A decrease in short interest typically indicates that investors are less bearish on the stock, which can lead to a positive price movement in the short term. Given that Chemed's short interest is significantly below its peer group average, this suggests stronger confidence in the company's performance relative to its peers, potentially leading to an uptick in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90