(TDOC) - Analyzing Teladoc Health's Short Interest
Portfolio Pulse from Benzinga Insights
Teladoc Health's short interest has decreased by 5.26%, with 33.46 million shares sold short, representing 25.39% of its float. This is higher than its peers' average short interest of 5.38%. The decrease in short interest may indicate a shift in market sentiment.
September 11, 2024 | 5:15 pm
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Teladoc Health's short interest has decreased by 5.26%, with 33.46 million shares sold short, representing 25.39% of its float. This is higher than its peers' average short interest of 5.38%. The decrease in short interest may indicate a shift in market sentiment.
The decrease in short interest suggests a potential shift in market sentiment towards a more bullish outlook for Teladoc Health. Although the short interest is still high compared to peers, the reduction could lead to upward pressure on the stock price if sentiment continues to improve.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100