Peering Into CVS Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
CVS Health's short interest has risen by 17.02%, with 20.64 million shares sold short, representing 1.65% of its float. This increase in short interest could indicate bearish sentiment among investors. However, CVS Health's short interest is still lower than the peer group average of 10.37%.
July 02, 2024 | 3:15 pm
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CVS Health's short interest has increased by 17.02%, now at 1.65% of its float. This could indicate bearish sentiment, but the short interest is still below the peer average of 10.37%.
The increase in short interest suggests that more investors are betting against CVS Health, 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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100