How Is The Market Feeling About Gilead Sciences?
Portfolio Pulse from Benzinga Insights
Gilead Sciences's (NYSE:GILD) short percent of float has risen 6.96% since its last report, with 18.84 million shares sold short. This represents 1.69% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment towards a stock. However, Gilead Sciences's short interest as a percentage of float is less than its peer group average of 3.18%.
August 10, 2023 | 2:15 pm
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Gilead Sciences's short percent of float has increased, indicating a bearish sentiment. However, its short interest is less than its peer group average.
An increase in short interest can indicate a bearish sentiment towards a stock. However, Gilead Sciences's short interest is less than its peer group average, which could mean that the market sentiment towards Gilead Sciences is not as bearish as it is towards its peers.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100