(ISRG) - Analyzing Intuitive Surgical's Short Interest
Portfolio Pulse from Benzinga Insights
Intuitive Surgical's (NYSE:ISRG) short percent of float has risen 17.81% since its last report, with 2.99 million shares sold short, which is 0.86% of all regular shares available for trading. It would take traders 1.68 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.36%.
September 25, 2023 | 3:30 pm
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Intuitive Surgical's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
The increase in short interest indicates that traders are expecting the price of ISRG to fall. However, the fact that its short interest is less than its peer group average could suggest that the bearish sentiment is not as strong as it is for other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100