Short Interest in Enhanced Group (NYSE:ENHA) Grows By 129.7%

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

Analysts Set New Price Targets

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

Enhanced Group Stock Performance

Shares of ENHA traded down $0.01 during mid-day trading 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 fifty-two week low of $2.35 and a fifty-two week high of $14.00. The company has a 50-day moving average of $3.69.

Enhanced Group (NYSE:ENHA) last announced its quarterly earnings data 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.