HCI Group Inc. posted the largest increase in short interest relative to shares outstanding among SNL-covered insurance companies between Feb. 28 and March 15.
The company saw short interest increase 457 basis points to 16.69% of shares outstanding at the end of the period. The company also topped the list of most shorted insurers during the first half of March.
Molina Healthcare Inc. posted the largest decrease in short interest. The percentage of the company's shares held short relative to shares outstanding dropped 136 basis points to 15.54% as of March 15.