Looking Into West Pharmaceutical Servs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
West Pharmaceutical Servs (NYSE:WST) has seen a 13.47% decrease in short interest, with 941 thousand shares sold short, representing 1.67% of available shares. The average time to cover these short positions is 1.9 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. WST has less short interest compared to its peer group average of 5.67%.
November 13, 2023 | 4:15 pm
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West Pharmaceutical Servs's short interest has decreased, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
The decrease in short interest for West Pharmaceutical Servs suggests that investors are becoming more optimistic about the stock, which could lead to a short-term increase in its price. However, short interest is just one indicator and does not guarantee stock movement.
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