Looking Into Medifast's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Medifast's (NYSE:MED) short interest has risen by 3.9%, with 45.02% of its float sold short. This is significantly higher than its peers' average of 5.01%. It would take traders 6.34 days to cover their short positions.
May 31, 2024 | 3:30 pm
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Medifast's short interest has increased by 3.9%, with 45.02% of its float sold short. This is much higher than its peers' average of 5.01%. It would take traders 6.34 days to cover their short positions.
The significant increase in short interest suggests bearish sentiment among investors. The high percentage of float sold short and the time required to cover these positions could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100