Peering Into GSK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GSK's (NYSE:GSK) short percent of float has risen 12.5% since its last report, with 5.57 million shares sold short, which is 0.27% of all regular shares available for trading. It would take traders 1.3 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. GSK's peer group average for short interest as a percentage of float is 3.31%, which means the company has less short interest than most of its peers.
October 26, 2023 | 4:00 pm
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GSK's short percent of float has risen 12.5% since its last report, indicating a bearish sentiment among investors. However, GSK has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting that GSK's stock price will fall. This could put downward pressure on the stock price in the short term. However, GSK's short interest is less than its peers, which could indicate that it is less likely to experience a significant price drop compared to its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100