(NVS) - Analyzing Novartis's Short Interest
Portfolio Pulse from Benzinga Insights
Novartis's (NYSE:NVS) short percent of float has fallen 4.55% since its last report, with 4.13 million shares sold short, which is 0.21% of all regular shares available for trading. It would take traders 1.81 days to cover their short positions on average. A decrease in short interest can signal investors have become more bullish. Novartis's peer group average for short interest as a percentage of float is 3.56%, which means the company has less short interest than most of its peers.
July 12, 2023 | 4:00 pm
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Novartis's short percent of float has decreased, indicating a potentially more bullish sentiment among investors. The company has less short interest than most of its peers.
A decrease in short interest can signal that investors have become more bullish on a stock. In the case of Novartis, the short percent of float has fallen 4.55% since its last report, which could indicate a more positive sentiment among investors. Additionally, Novartis has less short interest than most of its peers, which could further support this bullish sentiment.
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