Looking Into Gilead Sciences's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Gilead Sciences's (NASDAQ:GILD) short percent of float has fallen 9.32% since its last report, with 16.32 million shares sold short, which is 1.46% of all regular shares available for trading. It would take traders 3.0 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 4.18%.

June 29, 2023 | 8:15 pm
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Gilead Sciences's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, meaning they expect the stock price to rise. As Gilead Sciences's short interest has fallen 9.32%, this could indicate a more bullish sentiment towards the stock, potentially leading to an increase in its price in the short term.
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IMPORTANCE 70
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