Looking Into GE HealthCare Techs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GE HealthCare Techs's (NYSE:GEHC) short percent of float has risen 38.22% since its last report, with 11.32 million shares sold short, which is 3.11% 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, GEHC has less short interest as a percentage of float, which is 3.26% on average.
September 18, 2023 | 2:00 pm
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GE HealthCare Techs has seen a significant increase in short interest, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that the price of GEHC will fall. This is generally a bearish signal. However, the fact that GEHC has less short interest compared to its peers could mean that the market sentiment towards GEHC is not as bearish as it is towards its peers.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100