Looking Into Veeva Sys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Veeva Systems' (NYSE:VEEV) short percent of float has decreased by 10.78% since its last report, with 3.48 million shares sold short, representing 2.4% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Veeva Systems. Compared to its peers, Veeva Systems has less short interest as a percentage of float, with an average of 6.85%.
October 09, 2023 | 3:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Veeva Systems' short interest has decreased, potentially indicating a more bullish sentiment towards the company. Its short interest is also lower than its peers' average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that Veeva Systems' short interest is lower than its peers' average, could potentially have a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100