Peering Into Haleon's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Haleon's (NYSE:HLN) short percent of float has fallen 43.75% since its last report, with 12.63 million shares sold short, which is 0.27% of all regular shares available for trading. It would take traders 2.71 days to cover their short positions on average. Short interest can act as an indicator of market sentiment towards a stock. Haleon's peer group average for short interest as a percentage of float is 6.74%, which means the company has less short interest than most of its peers.
September 15, 2023 | 8:45 pm
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Haleon's short percent of float has decreased significantly, indicating a potential shift in market sentiment towards the stock. However, it's important to note that this doesn't necessarily mean the stock price will rise in the near term.
A decrease in short interest can signal that investors have become more bullish on a stock. However, this is not a guarantee that the stock price will rise, as other factors can also influence stock price movements. In the case of Haleon, the company's short interest is lower than most of its peers, which could be a positive sign, but it's still important for investors to consider other factors such as the company's financial performance and market conditions.
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IMPORTANCE 70
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