Enhanced Group (NYSE:ENHA) Stock Short Interest Drops 86.0%

Enhanced Group (NYSE:ENHA) was the target of a significant decline in short interest in 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 days-to-cover ratio is presently 4.9 days. Currently, 0.9% of the company’s stock are sold short.

Enhanced Group Trading Up 6.5%

Enhanced Group stock traded up $0.50 during mid-day trading on Wednesday, hitting $8.25. The company’s stock had a trading volume of 26,532 shares, compared to its average volume of 72,684. Enhanced Group has a 52-week low of $6.30 and a 52-week high of $140.00. The firm has a market cap of $319.94 million, a P/E ratio of -18.93 and a beta of -1.35. The stock’s 50 day moving average is $12.76.

Wall Street Analysts Forecast Growth

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

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.