Looking Into Molina Healthcare's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Molina Healthcare (NYSE:MOH) has seen a 6.07% increase in its short percent of float, now at 3.32%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.14%. It would take traders 3.27 days to cover their short positions.
July 22, 2024 | 8:30 pm
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Molina Healthcare's short interest has increased by 6.07%, now at 3.32% of float. This rise in short interest indicates growing bearish sentiment but is still below the peer average of 4.14%.
The increase in short interest suggests that more investors are betting against Molina Healthcare, which could put downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100