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

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

Analyst Ratings Changes

A number of research firms have recently commented on ENHA. Wall Street Zen downgraded Enhanced Group to a “strong sell” rating in a report on Saturday, August 1st. Cantor Fitzgerald started coverage on Enhanced Group in a report on Wednesday, September 23rd. They set an “overweight” rating and a $40.00 target price for the company. Weiss Ratings upgraded shares of Enhanced Group from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, September 25th. Finally, Canaccord Genuity Group lifted their price target on shares of Enhanced Group from $5.00 to $17.00 and gave the company a “buy” rating in a research report on Friday, October 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.50.

Enhanced Group Trading Up 6.5%

Shares of ENHA traded up $0.50 during mid-day trading on Wednesday, reaching $8.25. 26,532 shares of the stock traded hands, compared to its average volume of 72,684. The firm has a fifty day moving average of $12.76. Enhanced Group has a 12-month low of $6.30 and a 12-month high of $140.00. The stock has a market cap of $319.94 million, a price-to-earnings ratio of -18.93 and a beta of -1.35.

About Enhanced Group

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.