How Is The Market Feeling About West Pharmaceutical Servs?
Portfolio Pulse from Benzinga Insights
West Pharmaceutical Servs's (NYSE:WST) short percent of float has risen 37.27% since its last report, with 850 thousand shares sold short, which is 1.51% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, West Pharmaceutical Servs's short interest as a percentage of float is less, with an average of 4.74%.
September 08, 2023 | 2:45 pm
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The increase in short interest in West Pharmaceutical Servs indicates a bearish market sentiment, which could potentially lead to a decrease in its stock price. However, its short interest is less than its peers' average, which could be a positive sign.
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 price. However, West Pharmaceutical Servs's short interest is less than its peers' average, which could indicate that it is performing better than its peers.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100