How Is The Market Feeling About GE HealthCare Techs?
Portfolio Pulse from Benzinga Insights
The short percent of float for GE HealthCare Techs (NASDAQ:GEHC) has risen 46.05% since its last report, with 8.08 million shares sold short, representing 2.22% of all regular shares available for trading. It would take traders 2.8 days on average to cover their short positions. The company's short interest is less than its peer group average of 3.42%.
June 29, 2023 | 8:15 pm
News sentiment analysis
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GE HealthCare Techs has seen a significant increase in short interest, indicating a bearish sentiment among traders. However, its short interest is still less than its peer group average.
The increase in short interest indicates that more traders are betting on the stock's price to fall, which is a bearish signal. However, the fact that GEHC's short interest is less than its peer group average suggests that the bearish sentiment is not as strong as it is for other companies in the same sector.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100