(CHE) - Analyzing Chemed's Short Interest
Portfolio Pulse from Benzinga Insights
Chemed's (NYSE:CHE) short interest has risen by 15.52%, with 350,000 shares sold short, representing 2.68% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Chemed's short interest is still lower than the peer group average of 10.76%.
June 13, 2024 | 2:45 pm
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Chemed's short interest has increased by 15.52%, now at 2.68% of its float. This could indicate bearish sentiment, but it's still lower than the peer average of 10.76%.
The increase in short interest suggests that more investors are betting against Chemed, which could put downward pressure on the stock price in the short term. However, the short interest is still lower than the peer average, which may mitigate some of the negative impact.
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IMPORTANCE 70
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