Looking Into Ensign Group's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ensign Group (NYSE:ENSG) has seen a 13.25% increase in short interest, with 2.81 million shares sold short, representing 7.35% of its float. This is higher than its peers' average of 4.04%. The rise in short interest could indicate bearish sentiment, but it doesn't guarantee a price drop.
October 09, 2024 | 7:45 pm
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Ensign Group's short interest has increased by 13.25%, now at 7.35% of its float, which is higher than its peers' average. This could indicate bearish sentiment, but doesn't ensure a price decline.
The increase in short interest suggests that investors are more bearish on Ensign Group compared to its peers. This could lead to downward pressure on the stock price in the short term, although it is not a certainty.
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