Looking Into Elevance Health's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Elevance Health's short interest has decreased by 16.28%, with 1.67 million shares sold short, representing 0.72% of its float. This is lower than its peers' average of 4.45%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 06, 2024 | 1:15 pm
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Elevance Health's short interest has decreased significantly, suggesting a potential shift in market sentiment towards a more bullish outlook. The company's short interest is lower than its peers, which may indicate relative strength.
The decrease in short interest by 16.28% suggests that fewer investors are betting against Elevance Health, which could indicate a more positive outlook on the stock. Additionally, its short interest is significantly lower than the peer average, which may suggest relative strength and a potential bullish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100