Peering Into Encompass Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Encompass Health (NYSE:EHC) has seen a 6.49% increase in its short percent of float since the last report, with 2.47 million shares sold short, representing 2.79% of available shares. It would take about 3.41 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards EHC, though it's lower than the peer group average of 9.22%. This information suggests investors are more bearish on EHC but it's still less shorted compared to its peers.
May 06, 2024 | 4:00 pm
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Encompass Health has experienced a 6.49% increase in short interest, indicating a bearish sentiment among investors. However, its short interest is below the peer group average.
The increase in short interest suggests that investors are becoming more bearish on EHC, potentially leading to downward pressure on the stock price in the short term. However, being less shorted than its peers might mitigate some negative impact, indicating a mixed sentiment among investors.
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