Enhanced Group (NYSE:ENHA) Sees Significant Growth in Short Interest

by · The Cerbat Gem

Enhanced Group (NYSE:ENHA – Get Free Report) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 2,276,306 shares, a growth of 129.7% from the June 15th total of 991,072 shares. Based on an average daily volume of 1,275,225 shares, the short-interest ratio is presently 1.8 days. Approximately 1.9% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

ENHA has been the topic of several research reports. Canaccord Genuity Group reiterated a “buy” rating on shares of Enhanced Group in a research report on Tuesday, June 16th. Weiss Ratings started coverage on Enhanced Group in a research report on Friday, May 29th. They set a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $6.00.

Read Our Latest Research Report on Enhanced Group

Enhanced Group Trading Up 1.5%

Enhanced Group stock traded up $0.04 during midday trading on Wednesday, reaching $2.63. 201,858 shares of the company were exchanged, compared to its average volume of 611,617. The company’s 50-day moving average is $3.67. Enhanced Group has a 1 year low of $2.35 and a 1 year high of $14.00.

Enhanced Group (NYSE:ENHA – Get Free Report) last released its earnings results on Monday, May 4th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Enhanced Group Company Profile

(Get Free Report)

We are a blank check company incorporated in the British Virgin Islands as a business company with limited liability and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.

Featured Stories