Peering Into Merck & Co's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Merck & Co's (NYSE:MRK) short percent of float has fallen 5.17% since its last report, with 13.88 million shares sold short, which is 0.55% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards the stock. Compared to its peers, Merck & Co has less short interest.
October 19, 2023 | 3:01 pm
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Merck & Co's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. It has less short interest compared to its peers.
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 Merck & Co has less short interest than its peers, could potentially have a positive impact on the stock's price in the short term.
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