Looking Into DexCom's Recent Short Interest
Portfolio Pulse from Benzinga Insights
DexCom's (NYSE:DXCM) short percent of float has fallen 5.26% since its last report, with 16.03 million shares sold short, which is 4.68% of all regular shares available for trading. It would take traders 3.4 days to cover their short positions on average. DexCom's peer group average for short interest as a percentage of float is 2.81%, indicating the company has more short interest than most of its peers.
October 17, 2023 | 1:00 pm
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NEUTRAL IMPACT
DexCom's short interest has decreased, indicating a potentially more bullish market sentiment towards the company. However, it has a higher short interest than most of its peers, which could indicate a higher risk profile.
A decrease in short interest can signal a more bullish market sentiment as it indicates fewer investors are betting on the stock's price to fall. However, DexCom's higher short interest compared to its peers could indicate a higher risk profile, as it suggests more investors are betting against it than other similar companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100