Enhanced Group (NYSE:ENHA) Stock Short Interest Report for October

Enhanced Group (NYSE:ENHA) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 302,863 shares, a drop of 86.0% from the October 15th total of 2,163,234 shares. Based on an average daily trading volume, of 62,199 shares, the short-interest ratio is presently 4.9 days. Approximately 0.9% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ENHA shares. Weiss Ratings upgraded shares of Enhanced Group from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, September 25th. Canaccord Genuity Group upped their price objective on Enhanced Group from $5.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, October 30th. Wall Street Zen cut Enhanced Group to a “strong sell” rating in a research note on Saturday, August 1st. Finally, Cantor Fitzgerald began coverage on Enhanced Group in a research note on Wednesday, September 23rd. They issued an “overweight” rating and a $40.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Enhanced Group presently has a consensus rating of “Hold” and a consensus target price of $28.50.

Enhanced Group Stock Performance

Shares of Enhanced Group stock traded down $0.87 on Thursday, reaching $7.18. 70,203 shares of the company were exchanged, compared to its average volume of 72,923. Enhanced Group has a 1-year low of $6.30 and a 1-year high of $140.00. The company has a market capitalization of $278.45 million, a P/E ratio of -1.63 and a beta of -1.35. The stock’s 50 day moving average is $12.61.

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