Peering Into Chemed's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Chemed's short interest has increased by 3.3%, with 243,000 shares sold short, representing 1.88% of its float. This is lower than its peers' average of 8.31%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
October 28, 2024 | 5:15 pm
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Chemed's short interest has increased to 1.88% of its float, which is below the peer average of 8.31%. This rise indicates a bearish sentiment but doesn't necessarily predict a price drop.
The increase in short interest suggests that investors are becoming more bearish on Chemed. However, since the short interest is still below the peer average, the impact on the stock price might be limited. The bearish sentiment could lead to a short-term price decline, but it's not certain.
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