Short Interest in Enhanced Group (NYSE:ENHA) Expands By 129.7%

Enhanced Group (NYSE:ENHA) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 2,276,306 shares, an increase of 129.7% from the June 15th total of 991,072 shares. Approximately 1.9% of the company’s shares are short sold. Based on an average daily volume of 1,275,225 shares, the days-to-cover ratio is presently 1.8 days.

Analyst Upgrades and Downgrades

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

Enhanced Group Trading Down 4.4%

ENHA traded down $0.12 during trading on Thursday, reaching $2.52. The stock had a trading volume of 293,767 shares, compared to its average volume of 609,014. The firm’s 50 day simple moving average is $3.67. Enhanced Group has a one year low of $2.35 and a one year high of $14.00.

Enhanced Group (NYSE:ENHA) last released its earnings results 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.