Enhanced Group (NYSE:ENHA) Short Interest Up 129.7% in June

Enhanced Group (NYSE:ENHA) saw 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. Based on an average daily volume of 1,275,225 shares, the days-to-cover ratio is currently 1.8 days. Approximately 1.9% of the company’s stock are sold short.

Enhanced Group Stock Performance

Shares of NYSE:ENHA traded down $0.01 on Tuesday, hitting $2.58. 211,427 shares of the company’s stock were exchanged, compared to its average volume of 921,856. Enhanced Group has a 1-year low of $2.35 and a 1-year high of $14.00. The stock’s 50-day moving average is $3.69.

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

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group reiterated a “buy” rating on shares of Enhanced Group in a research note on Tuesday, June 16th. Weiss Ratings began coverage on shares of Enhanced Group in a research note on Friday, May 29th. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.00.

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.