How Is The Market Feeling About Veeva Sys?
Portfolio Pulse from Benzinga Insights
Veeva Sys's (NYSE:VEEV) short percent of float has fallen 3.24% since its last report, with 3.90 million shares sold short, which is 2.69% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Veeva Sys. Compared to its peers, Veeva Sys has less short interest, with an average of 6.55% for its peer group.
September 21, 2023 | 2:45 pm
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Decrease in short interest could indicate a more bullish sentiment towards Veeva Sys. The company's short interest is lower than its peer group average.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often signals a more bullish sentiment as it indicates fewer investors are betting on the stock's price to fall. Veeva Sys's short interest has decreased, and it is lower than its peer group average, which could be a positive sign for the company's stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100