(GM) - Analyzing General Motors's Short Interest
Portfolio Pulse from Benzinga Insights
General Motors' (NYSE:GM) short percent of float has risen 9.61% since its last report, with 34.41 million shares sold short, which is 2.51% of all regular shares available for trading. It would take traders 3.35 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, GM's peer group average for short interest as a percentage of float is 11.05%, which means the company has less short interest than most of its peers.
September 21, 2023 | 1:45 pm
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General Motors' short percent of float has increased, indicating a bearish sentiment among investors. However, compared to its peers, GM has less short interest.
The increase in short percent of float indicates that more investors are betting against GM, which could put downward pressure on the stock price. However, the fact that GM has less short interest than its peers could be a mitigating factor.
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