Peering Into GE HealthCare Techs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GE HealthCare Techs (NYSE:GEHC) has seen a 9.01% increase in short percent of float since its last report, with 8.82 million shares sold short, representing 2.42% of all regular shares available for trading. This could indicate a bearish market sentiment towards the stock. However, compared to its peers, GEHC has less short interest as a percentage of float, with the average being 3.28%.
July 19, 2023 | 8:15 pm
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The increase in short interest could indicate a bearish sentiment towards GEHC. However, its short interest is less than the peer group average, which could be a positive sign.
Short interest is a measure of market sentiment. An increase in short interest could indicate that investors expect the stock's price to fall. However, GEHC's short interest is less than the average of its peers, which could indicate that the market sentiment towards GEHC is not as bearish as it is towards its peers.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100