Enhanced Group (NYSE:ENHA) Short Interest Update

Enhanced Group (NYSE:ENHA) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 1,168,266 shares, an increase of 509.6% from the May 14th total of 191,655 shares. Based on an average daily volume of 2,508,353 shares, the short-interest ratio is presently 0.5 days. Currently, 1.0% of the shares of the stock are short sold.

Enhanced Group Trading Down 6.5%

NYSE:ENHA traded down $0.28 on Thursday, hitting $3.99. The stock had a trading volume of 1,032,209 shares, compared to its average volume of 1,850,840. Enhanced Group has a 52 week low of $2.35 and a 52 week high of $14.00.

Enhanced Group (NYSE:ENHA) last announced its quarterly earnings results on Monday, May 4th. The company reported ($0.01) earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Weiss Ratings assumed coverage on Enhanced Group in a research report on Friday, May 29th. They issued a “sell (e-)” rating on the stock. Canaccord Genuity Group started coverage on Enhanced Group in a research report on Tuesday, June 2nd. They set a “buy” rating and a $6.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $6.00.

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.