Peering Into General Motors's Recent Short Interest
Portfolio Pulse from Benzinga Insights
General Motors' (NYSE:GM) short percent of float has fallen 9.54% since its last report, with 30.23 million shares sold short, which is 2.18% of all regular shares available for trading. It would take traders 2.68 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 10.78%.
August 04, 2023 | 2:12 pm
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POSITIVE IMPACT
Short interest in General Motors has decreased, indicating a potentially more bullish sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish on the stock, potentially leading to an increase in the stock's price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100