How Is The Market Feeling About Merck & Co?
Portfolio Pulse from Benzinga Insights
Merck & Co's (NYSE:MRK) short percent of float has fallen 5.17% since its last report, indicating a more bullish sentiment towards the stock. The company has 13.88 million shares sold short, which is 0.55% of all regular shares available for trading. Compared to its peers, Merck & Co has less short interest.
October 02, 2023 | 5:30 pm
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Merck & Co's short percent of float has decreased, indicating a more bullish sentiment towards the stock. This could potentially lead to a rise in the stock price.
A decrease in short interest often indicates a more bullish sentiment towards a stock. This is because short selling is a practice where traders sell shares they do not own in the hope that the price will fall. Therefore, a decrease in short interest could suggest that fewer traders are expecting the price to fall, which could potentially lead to a rise in the stock price.
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