How Is The Market Feeling About Sanofi?
Portfolio Pulse from Benzinga Insights
Sanofi's (NYSE:SNY) short percent of float has risen 11.76% since its last report, with 4.88 million shares sold short. This represents 0.19% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, Sanofi's short interest is less than its peer group average of 3.86%.
July 20, 2023 | 8:00 pm
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Sanofi's short percent of float has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
The increase in short percent of float indicates that more investors are betting against Sanofi, which could put downward pressure on the stock price. However, the fact that Sanofi's short interest is less than its peer group average suggests that it may be less vulnerable to a short squeeze.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100