Peering Into Gilead Sciences's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Gilead Sciences's (NYSE:GILD) short percent of float has risen 6.16% since its last report, with 17.34 million shares sold short, which is 1.55% of all regular shares available for trading. It would take traders 2.9 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Gilead Sciences's peer group average for short interest as a percentage of float is 3.57%, which means the company has less short interest than most of its peers.
July 19, 2023 | 4:45 pm
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Gilead Sciences's short percent of float has risen 6.16%, indicating a potential bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in short percent of float indicates that more investors are betting against Gilead Sciences, which could put downward pressure on the stock price in the short term. However, the company's short interest is less than its peers, which could mitigate some of this pressure.
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