Enhanced Group (NYSE:ENHA) Short Interest Update

Enhanced Group (NYSE:ENHA) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,168,266 shares, an increase of 509.6% from the May 14th total of 191,655 shares. Based on an average trading volume of 2,508,353 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ENHA shares. Canaccord Genuity Group started coverage on shares of Enhanced Group in a report on Tuesday, June 2nd. They set a “buy” rating and a $6.00 price target for the company. Weiss Ratings started coverage on shares of Enhanced Group in a report on Friday, May 29th. They set a “sell (e-)” rating for the company. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.00.

Enhanced Group Price Performance

Shares of ENHA traded up $0.41 during midday trading on Wednesday, hitting $4.33. 1,818,003 shares of the stock traded hands, compared to its average volume of 530,700. Enhanced Group has a 1-year low of $2.35 and a 1-year high of $14.00.

Enhanced Group (NYSE:ENHA) last posted its quarterly earnings data on Monday, May 4th. The company reported ($0.01) earnings per share for the quarter.

Enhanced Group Company Profile

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.