Peering Into DexCom's Recent Short Interest
Portfolio Pulse from Benzinga Insights
DexCom's (NASDAQ:DXCM) short percent of float has fallen 12.09% since its last report, with 12.71 million shares sold short, which is 3.71% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, DexCom's short interest as a percentage of float is higher than its peer group average of 3.35%.
June 29, 2023 | 7:15 pm
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DexCom's short interest has decreased, potentially indicating a more bullish sentiment. However, its short interest is higher than its peer group average.
A decrease in short interest can signal a more bullish sentiment towards a stock. However, DexCom's short interest is higher than its peer group average, which could indicate a more bearish sentiment compared to its peers. The impact on the stock price in the short term is uncertain.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100