Peering Into Merck & Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Merck & Co's (NYSE:MRK) short percent of float has fallen 4.84% since its last report, with 14.96 million shares sold short, which is 0.59% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Merck & Co has less short interest.
July 12, 2023 | 2:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards Merck & Co's stock. The company's short interest is also lower than most of its peers.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often signals a more bullish sentiment towards the stock, as it indicates fewer investors are betting on the stock's price to fall. In the case of Merck & Co, the decrease in short interest, coupled with the fact that its short interest is lower than most of its peers, could potentially indicate a more positive market sentiment towards the company's stock.
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