(TDOC) - Analyzing Teladoc Health's Short Interest
Portfolio Pulse from Benzinga Insights
Teladoc Health (NYSE:TDOC) has seen a 4.13% increase in its short percent of float, now at 21.45% with 27.92 million shares sold short. This is significantly higher than its peers' average short interest of 5.80%. It would take traders 4.95 days to cover their short positions.
May 23, 2024 | 5:45 pm
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Teladoc Health's short interest has increased by 4.13%, now at 21.45% with 27.92 million shares sold short. This is significantly higher than its peers' average short interest of 5.80%.
The significant increase in short interest suggests that investors are becoming more bearish on Teladoc Health compared to its peers. This could lead to downward pressure on the stock price in the short term.
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