Looking Into Sanofi's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sanofi's (NYSE:SNY) short percent of float has risen 7.69% since its last report, with 3.42 million shares sold short, which is 0.14% of all regular shares available for trading. It would take traders 3.25 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Sanofi's peer group average for short interest as a percentage of float is 4.32%, which means the company has less short interest than most of its peers.
September 18, 2023 | 7:15 pm
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Sanofi's short interest has increased, indicating a potentially bearish sentiment among investors.
An increase in short interest often indicates a bearish sentiment among investors, as they are betting that the stock's price will fall. This could potentially put downward pressure on Sanofi's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
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