Looking Into Veeva Sys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Veeva Sys's (NYSE:VEEV) short percent of float has risen 8.24% since its last report, with 2.85 million shares sold short, which is 1.97% of all regular shares available for trading. It would take traders 1.98 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 6.63%.
July 12, 2023 | 5:45 pm
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Veeva Sys's short interest has increased, indicating a bearish sentiment among traders. However, it has less short interest than most of its peers.
An increase in short interest indicates that more traders are betting that the stock's price will fall. However, Veeva Sys has less short interest than most of its peers, which could mean that it is less likely to experience a significant price drop compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100