ELV is set to report earnings tomorrow before the market closes. While the stock hasn’t moved this week and there’s no historical relationship between pre- and post-earnings returns, an increase in short interest is signaling a bearish outlook:

• Short Interest Impact: Historically, increases in short interest correlate with stock price declines.

• Forecasted Decline: The expected decline aligns with the average historical move, making it a significant forecast.

Investors should be aware of the potential downside based on short interest dynamics.

ELV is reporting tomorrow before the close.

There is a model based on returns, but there is no historical relationship between returns before and after earnings, and the stock hasn’t moved this week.

There has been a change in short interest, and historically, when short interest increases, the stock goes down.

The forecasted decline is about the same size as the historical move down, meaning it is significant.

The stock is unchanged, and short interest is up.

ELV is forecasted to decline post-earnings based on historical trends in short interest. With the stock unchanged and short interest climbing, bearish signals dominate the outlook for this earnings report.

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