(GEHC) - Analyzing GE HealthCare Techs's Short Interest
Portfolio Pulse from Benzinga Insights
GE HealthCare Techs's (NYSE:GEHC) short percent of float has risen 25.4% since its last report, with 14.20 million shares sold short, which is 3.9% of all regular shares available for trading. This is higher than the average short interest of its peer group, which is 3.12%. Short interest can act as an indicator of market sentiment towards a stock.
October 23, 2023 | 1:30 pm
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The rise in short interest in GE HealthCare Techs could indicate a bearish sentiment in the market. However, it does not necessarily mean that the stock will fall in the near term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish. However, this does not necessarily mean that the stock price will fall in the near term. It's important to consider other factors as well.
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