Centene

CNC

Centene Corporation is a large publicly traded company and a multi-line managed care enterprise that serves as a major intermediary for both government-sponsored and privately insured health care programs. It is a healthcare insurer that focuses on managed care for uninsured, underinsured, and low-income individuals. Centene is the second-largest publicly traded corporation based in the state of Missouri. It ranked No. 42 in the 2020 Fortune 500 list of the largest United States corporations by total revenue.

Centene has been a target of short sellers for a while. The current short interest of 2.72% is roughly at the average of the last 12 months (2.78%).