Looking Into GSK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GSK's short percent of float has risen 4.35% since its last report, with 4.88 million shares sold short, which is 0.24% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, GSK's peer group average for short interest as a percentage of float is 4.50%, which means the company has less short interest than most of its peers.
August 04, 2023 | 3:30 pm
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The increase in short interest in GSK's shares indicates a bearish sentiment among investors, which could potentially lead to a decrease in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the stock's price. However, GSK's short interest is less than its peer group average, which could mitigate the potential negative impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100