Looking Into Pfizer's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Pfizer's (NYSE:PFE) short percent of float has risen 7.14% since its last report, with 59.51 million shares sold short, which is 1.05% of all regular shares available for trading. It would take traders 1.85 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Pfizer's peer group average for short interest as a percentage of float is 3.67%, which means the company has less short interest than most of its peers.
July 13, 2023 | 2:30 pm
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Pfizer's short percent of float has increased, indicating a potential bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in Pfizer's short percent of float suggests that investors may be expecting the stock price to fall. However, the fact that Pfizer's short interest is less than its peers' average could indicate that the bearish sentiment is not as strong compared to other companies in the same industry.
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IMPORTANCE 75
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