Looking Into Clover Health Investments's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Clover Health Investments (NYSE:CLOV) has seen a 28.4% increase in short interest, with 25.80 million shares sold short, representing 6.42% of its float. This is higher than its peers' average of 3.83%. The rise in short interest suggests bearish sentiment, but it could also present a bullish opportunity if the stock price rises.
October 03, 2024 | 2:00 pm
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Clover Health Investments has experienced a significant increase in short interest, now at 6.42% of its float, which is higher than the peer average. This indicates a bearish sentiment but could also lead to a short squeeze if the stock price rises.
The increase in short interest suggests that investors are bearish on CLOV, but the high level compared to peers could lead to a short squeeze if the stock price rises, creating a potential bullish scenario.
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