Looking Into Cigna Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cigna Group's (NYSE:CI) short interest has decreased by 29.44%, with 3.95 million shares sold short, representing 1.39% of its float. This decline in short interest could indicate a more bullish sentiment towards CI among traders. Compared to its peers, CI has a significantly lower short interest percentage of float, with an average of 10.39% among its peers.
May 10, 2024 | 7:30 pm
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The decrease in short interest for Cigna Group suggests a potential increase in bullish sentiment among investors, possibly leading to a short-term positive impact on CI's stock price.
A decrease in short interest typically indicates that fewer investors are betting against the stock, which can lead to a positive sentiment shift. Given that CI's short interest is significantly lower than its peer average, this could be interpreted as a strong bullish signal, potentially leading to an increase in stock price as short sellers cover their positions.
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