(IQV) - Analyzing IQVIA Hldgs's Short Interest
Portfolio Pulse from Benzinga Insights
IQVIA Hldgs's (NYSE:IQV) short percent of float has risen 13.27% since its last report, with 3.55 million shares sold short, which is 2.22% of all regular shares available for trading. It would take traders 3.26 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, IQVIA Hldgs's peer group average for short interest as a percentage of float is 4.92%, which means the company has less short interest than most of its peers.
October 16, 2023 | 1:30 pm
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IQVIA Hldgs's short percent of float has risen 13.27%, indicating a bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short percent of float indicates that more investors are betting against IQVIA Hldgs, which could put downward pressure on the stock price in the short term. However, the company's lower short interest compared to its peers could mean that it is less likely to experience a significant price drop due to short selling.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100