(ISRG) - Analyzing Intuitive Surgical's Short Interest
Portfolio Pulse from Benzinga Insights
Intuitive Surgical's (NASDAQ:ISRG) short percent of float has risen 13.33% since its last report, with 2.96 million shares sold short, which is 0.85% of all regular shares available for trading. It would take traders 1.8 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.48%.
June 30, 2023 | 1:15 pm
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The rise in short interest in Intuitive Surgical could indicate a bearish sentiment among investors. However, the company has less short interest than most of its peers.
The rise in short interest could indicate that investors are expecting the price of Intuitive Surgical's stock to fall. However, the fact that the company has less short interest than most of its peers could mean that investors are less bearish on Intuitive Surgical compared to other companies.
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IMPORTANCE 75
RELEVANCE 100