Cigna Short % of float
What is the Short % of float of Cigna?
The Short % of float of Cigna Group (The) is 1.34%
What is the definition of Short % of float?
Short percentage of float is the amount of shares being shorted compared to the float expressed as a percentage.
= short interest / float shares
Short percentage of float, or short interest ratio, is calculated by taking the total amount of shares shorted and dividing it by the total amount of shares available for trade. It is an indirect metric of investor sentiment. When short percentage of float is high, above 40%, it implies company investors hope shares will decline in value. The percentage is used by both fundamental and technical traders to identify trends. The short percentage of float can also be calculated for entire exchanges to determine the sentiment of the market as a whole. If it is high of around five or greater for an exchange, this can be taken as a bearish signal, and vice versa.
Short % of float of companies in the Health Care sector on NYSE compared to Cigna
What does Cigna do?
The Cigna Group is a global health services company. The Companys portfolio of offerings solves diverse challenges across the healthcare system. The Company offers a differentiated set of pharmacy, medical, behavioral, dental and supplemental products, and services, primarily through two platforms: Evernorth Health Services and Cigna Healthcare.
Companies with short % of float similar to Cigna
- Idera Pharmaceuticals has Short % of float of 1.32%
- RB Global Inc has Short % of float of 1.32%
- Cintas has Short % of float of 1.32%
- Super (SGHC) has Short % of float of 1.32%
- Envirotech Vehicles Inc has Short % of float of 1.33%
- Alexandria Real Estate Equities has Short % of float of 1.33%
- Cigna has Short % of float of 1.34%
- Conduent Inc has Short % of float of 1.35%
- Hawaiian Electric Industries has Short % of float of 1.35%
- Citizens & Northern Corp has Short % of float of 1.35%
- AGCO has Short % of float of 1.35%
- Conversion Labs has Short % of float of 1.35%
- Imunon Inc has Short % of float of 1.35%