Short interest in healthcare stocks ticked higher from the end of 2023, with bets against healthcare provider and services ranking highest according to mid-January numbers.
The S&P 500 Health Care Index is up 2.93%, compared to the broader S&P 500, which climbed 1.59% YTD.
Industry analysis:
Average short interest as percentage of floating shares
Healthcare provider and services is the most shorted in the healthcare sector and has seen the highest jump in bets within industries from end of 2023. Its short interest stood at 2.16% as of mid-January, up from 1.50% in 2023 end.
The Biotechnology sub-sector was the second most shorted industry, whose short interest stood at 1.66% in mid-Jan, down from 1.68% from end of last year.
Pharmaceuticals industry stands as the least shorted within healthcare sector with 1.12% short interest till mid-January, rising from 1.04% at 2023 end.
Stocks with highest and lowest short positions
Ranked by short interest as a percentage of shares float
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