Looking Into Sanofi's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sanofi's (NYSE:SNY) short percent of float has fallen 5.26% since its last report, with 4.56 million shares sold short, which is 0.18% of all regular shares available for trading. It would take traders 4.83 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.52%.
August 08, 2023 | 1:00 pm
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Sanofi's short interest has decreased, indicating a potentially more bullish market sentiment towards the company.
A decrease in short interest can signal that investors have become more bullish on a stock. As such, the decrease in Sanofi's short interest could potentially lead to an increase in its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100