How Is The Market Feeling About DexCom?
Portfolio Pulse from Benzinga Insights
DexCom's (NYSE:DXCM) short percent of float has risen 11.87% since its last report, with 16.78 million shares sold short, which is 4.9% of all regular shares available for trading. This indicates that investors have become more bearish on the stock. However, an increase in short interest can sometimes be bullish for a stock.
September 08, 2023 | 5:15 pm
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DexCom's short percent of float has risen 11.87%, indicating a bearish sentiment among investors. However, increased short interest can sometimes be bullish.
The increase in short interest indicates that more investors are betting that DexCom's stock price will fall. This is generally seen as a bearish signal. However, if the stock price does not fall as expected, these short sellers will need to buy back the stock to cover their positions, which could drive the price up, creating a 'short squeeze'.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100