Enhanced Group (NYSE:ENHA – Get Free Report) was the target of a significant growth in short interest in May. As of May 29th, there was short interest totaling 1,168,266 shares, a growth of 509.6% from the May 14th total of 191,655 shares. Based on an average daily trading volume, of 2,508,353 shares, the days-to-cover ratio is presently 0.5 days. Currently, 1.0% of the company’s stock are sold short.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the stock. Weiss Ratings assumed coverage on shares of Enhanced Group in a research report on Friday, May 29th. They set a “sell (e-)” rating for the company. Canaccord Genuity Group started coverage on shares of Enhanced Group in a report on Tuesday, June 2nd. They issued a “buy” rating and a $6.00 price objective for the company. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.00.
Read Our Latest Report on ENHA
Enhanced Group Price Performance
Enhanced Group (NYSE:ENHA – Get Free Report) last issued its earnings results on Monday, May 4th. The company reported ($0.01) earnings per share for the quarter.
About Enhanced Group
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.
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