Enhanced Group (NYSE:ENHA) Shares Shorted: Short Interest Down 86.0% in October

Enhanced Group (NYSE:ENHA) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 302,863 shares, a decrease of 86.0% from the October 15th total of 2,163,234 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 62,199 shares, the days-to-cover ratio is currently 4.9 days.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Canaccord Genuity Group raised their target price on Enhanced Group from $5.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Cantor Fitzgerald started coverage on shares of Enhanced Group in a report on Wednesday, September 23rd. They issued an “overweight” rating and a $40.00 price target on the stock. Weiss Ratings raised shares of Enhanced Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, September 25th. Finally, Wall Street Zen lowered shares of Enhanced Group to a “strong sell” rating in a research report on Saturday, August 1st. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $28.50.

Enhanced Group Trading Down 8.1%

Shares of NYSE:ENHA traded down $0.58 during mid-day trading on Friday, reaching $6.62. The company had a trading volume of 238,002 shares, compared to its average volume of 73,719. Enhanced Group has a one year low of $5.74 and a one year high of $140.00. The company has a 50-day simple moving average of $12.43. The stock has a market capitalization of $256.53 million, a price-to-earnings ratio of -1.50 and a beta of -1.35.

Enhanced Group (NYSE:ENHA) last released its earnings results on Thursday, November 12th. The company reported ($1.01) earnings per share (EPS) for the quarter.

Enhanced Group Company Profile

Enhanced Group is a special purpose acquisition company, or blank-check company, formed to pursue a merger, share exchange, asset acquisition, or similar business combination. Its activities center on identifying and evaluating potential acquisition targets rather than selling products or services of its own. Until it completes a business combination, Enhanced Group does not have an established operating business. Publicly available information does not provide enough reliable detail to describe its target markets, geographic reach, or leadership.