Short Interest in Enhanced Group (NYSE:ENHA) Increases By 509.6%

Enhanced Group (NYSE:ENHA) was the recipient 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. Approximately 1.0% of the company’s stock are short sold.

Enhanced Group Stock Up 4.5%

Shares of ENHA stock traded up $0.17 during trading hours on Friday, hitting $4.05. 614,210 shares of the company were exchanged, compared to its average volume of 536,362. Enhanced Group has a one year low of $2.35 and a one year high of $14.00.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on ENHA. Weiss Ratings assumed coverage on shares of Enhanced Group in a research report on Friday, May 29th. They issued a “sell (e-)” rating for the company. Canaccord Genuity Group assumed coverage on shares of Enhanced Group in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $6.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.