Could Anthem Inc (NYSE:ANTM) Go Down After Its Newest Short Interest Report?

September 16, 2018 - By Pearl Odom

Anthem, Inc. (NYSE:ANTM) Logo

The stock of Anthem Inc (NYSE:ANTM) registered a decrease of 14.92% in short interest. ANTM’s total short interest was 3.40 million shares in September as published by FINRA. Its down 14.92% from 4.00 million shares, reported previously. With 832,900 shares average volume, it will take short sellers 4 days to cover their ANTM’s short positions. The short interest to Anthem Inc’s float is 1.31%.

The stock increased 0.16% or $0.44 during the last trading session, reaching $270.78. About 1.03 million shares traded. Anthem, Inc. (NYSE:ANTM) has risen 40.74% since September 16, 2017 and is uptrending. It has outperformed by 25.12% the S&P500.

Anthem, Inc., through its subsidiaries, operates as a health benefits firm in the United States. The company has market cap of $70.39 billion. It operates through three divisions: Commercial and Specialty Business, Government Business, and Other. It has a 16.48 P/E ratio. The firm offers a spectrum of network managed care health benefit plans to large and small employer, individual, Medicaid, and Medicare markets.

Anthem, Inc. (NYSE:ANTM) Ratings Coverage

Among 9 analysts covering Anthem Inc (NYSE:ANTM), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Anthem Inc has $368 highest and $273 lowest target. $285.86’s average target is 5.57% above currents $270.78 stock price. Anthem Inc had 10 analyst reports since April 25, 2018 according to SRatingsIntel. Cantor Fitzgerald maintained Anthem, Inc. (NYSE:ANTM) on Wednesday, April 25 with “Buy” rating. The rating was upgraded by JP Morgan to “Overweight” on Thursday, April 26. On Wednesday, September 5 the stock rating was upgraded by Morgan Stanley to “Overweight”. The rating was maintained by Bernstein with “Buy” on Thursday, April 26. The company was upgraded on Thursday, April 26 by J.P. Morgan. RBC Capital Markets maintained Anthem, Inc. (NYSE:ANTM) rating on Wednesday, April 25. RBC Capital Markets has “Buy” rating and $29300 target. As per Thursday, April 26, the company rating was maintained by Credit Suisse. The company was maintained on Thursday, July 26 by Morgan Stanley. The firm earned “Outperform” rating on Monday, July 9 by BMO Capital Markets. The company was downgraded on Monday, September 10 by Citigroup.

More important recent Anthem, Inc. (NYSE:ANTM) news were published by: Seekingalpha.com which released: “Premarket analyst action – healthcare” on September 05, 2018, also Seekingalpha.com published article titled: “Anthem confirms FY2018 EPS guidance”, 247Wallst.com published: “Meet Walmart’s Newest Partner” on August 20, 2018. More interesting news about Anthem, Inc. (NYSE:ANTM) was released by: Benzinga.com and their article: “Morgan Stanley Upgrades Anthem, Sees Opportunity In Pharmacy Benefit Manager Shakeup” with publication date: September 05, 2018.

Anthem, Inc. (NYSE:ANTM) Ratings Chart

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