(ISRG) - Analyzing Intuitive Surgical's Short Interest
Portfolio Pulse from Benzinga Insights
Intuitive Surgical's (NYSE:ISRG) short percent of float has risen 7.14% since its last report, with 3.15 million shares sold short, which is 0.9% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Intuitive Surgical has less short interest as a percentage of float, which is 3.22% on average.
July 28, 2023 | 3:15 pm
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Intuitive Surgical's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting that the price of Intuitive Surgical's stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that its short interest is less than its peers' average could mean that it is less likely to fall than other stocks in its industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100