How Is The Market Feeling About Centene?
Portfolio Pulse from Benzinga Insights
Centene (NYSE:CNC) has seen a 37.81% increase in its short percent of float, now at 2.77% of all regular shares available for trading. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.47%.
June 25, 2024 | 2:30 pm
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NEGATIVE IMPACT
Centene's short percent of float has increased by 37.81%, now at 2.77%, indicating a rise in bearish sentiment. However, it remains below the peer group average of 4.47%.
The significant increase in short interest suggests that investors are becoming more bearish on Centene. However, since the short interest is still below the peer average, the impact may be moderated.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100