Looking Into Sanofi's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Sanofi's (NYSE:SNY) short percent of float has risen 7.14% since its last report, with 3.66 million shares sold short, which is 0.15% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Sanofi has less short interest as a percentage of float, which is 3.31% on average.
October 26, 2023 | 8:15 pm
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Sanofi's short percent of float has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that Sanofi's stock price will fall. However, compared to its peers, Sanofi has less short interest, which could mean that the market sentiment towards Sanofi is less bearish than towards its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100