Peering Into IQVIA Hldgs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
IQVIA Hldgs's (NYSE:IQV) short percent of float has risen 7.91% since its last report, with 2.40 million shares sold short, which is 1.5% of all regular shares available for trading. It would take traders 2.63 days to cover their short positions on average. The company's short interest is less than its peer group average of 4.74%.
August 25, 2023 | 3:15 pm
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NEUTRAL IMPACT
IQVIA Hldgs's short percent of float has risen 7.91% since its last report. The company's short interest is less than its peer group average of 4.74%.
The increase in short interest indicates that more traders are betting on the stock's price to fall. However, the company's short interest is less than its peer group average, which could mean that the market sentiment towards IQVIA Hldgs is not as bearish as it is towards its peers. This could potentially limit the downward pressure on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100