(GILD) - Analyzing Gilead Sciences's Short Interest
Portfolio Pulse from Benzinga Insights
Gilead Sciences's (NYSE:GILD) short percent of float has risen 4.14% since its last report, with 19.63 million shares sold short, which is 1.76% of all regular shares available for trading. It would take traders 3.89 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Gilead Sciences's peer group average for short interest as a percentage of float is 3.80%, which means the company has less short interest than most of its peers.
September 05, 2023 | 2:30 pm
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Gilead Sciences's short percent of float has risen 4.14%, indicating a potential bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in short interest for Gilead Sciences indicates that investors may be expecting the stock price to fall. However, the company's short interest is less than its peers, which could mean that the bearish sentiment is not as strong compared to other companies in the same industry.
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