(NVO) - Analyzing Novo Nordisk's Short Interest
Portfolio Pulse from Benzinga Insights
Novo Nordisk's (NYSE:NVO) short percent of float has risen 45.45% since its last report, with 2.80 million shares sold short, which is 0.16% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Novo Nordisk has less short interest as a percentage of float, which is 3.06% on average.
October 06, 2023 | 7:15 pm
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Novo Nordisk's short interest has increased, indicating a bearish sentiment among investors. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting against Novo Nordisk, which could put downward pressure on the stock price in the short term. However, the fact that it has less short interest compared to its peers could mean that it is less likely to experience a significant drop.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100