How Is The Market Feeling About Veeva Sys?
Portfolio Pulse from Benzinga Insights
Veeva Sys's (NYSE:VEEV) short percent of float has risen 16.67% since its last report, with 3.75 million shares sold short, which is 2.59% of all regular shares available for trading. It would take traders 5.09 days to cover their short positions on average. The company's short interest is less than its peer group average of 7.19%.
July 28, 2023 | 1:45 pm
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NEGATIVE IMPACT
Veeva Sys's short interest has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
An increase in short interest indicates that more investors are betting that the stock price will fall. However, Veeva Sys's short interest is less than its peer group average, which could mean that the bearish sentiment is not as strong compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100