(SNY) - Analyzing Sanofi's Short Interest
Portfolio Pulse from Benzinga Insights
Sanofi's (NYSE:SNY) short percent of float has risen 7.14% since its last report, with 3.66 million shares sold short, which is 0.15% of all regular shares available for trading. It would take traders 3.25 days to cover their short positions on average. An increase in short interest can indicate a bearish market sentiment. However, Sanofi's short interest as a percentage of float is less than its peer group average of 3.07%.
October 09, 2023 | 4:30 pm
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Sanofi's short percent of float has increased, indicating a potential bearish sentiment. However, its short interest is less than its peer group average, which could mitigate potential negative impact.
An increase in short interest can indicate a bearish sentiment towards a stock, which could potentially lead to a decrease in stock price. However, Sanofi's short interest is less than its peer group average, which could indicate that the market sentiment towards Sanofi is not as bearish as it is towards its peers. This could potentially mitigate any negative impact on Sanofi's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100