How Is The Market Feeling About Novartis?
Portfolio Pulse from Benzinga Insights
Novartis (NYSE:NVS) has seen a 12.5% increase in short interest since the last report, with 3.65 million shares sold short, representing 0.18% of available shares. It would take about 1.87 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Novartis has less short interest compared to its peer group average of 3.94%.
November 10, 2023 | 3:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Novartis has experienced an increase in short interest, which may suggest bearish market sentiment but is still below its peer group average. This could lead to increased volatility in the short term.
The rise in short interest indicates that some investors are expecting the price of NVS to fall, which could lead to short-term volatility. However, since the short interest is below the peer average, the impact may be muted. The score is neutral due to the uncertainty of whether this bearish sentiment will translate into a price decrease.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100