(GS) - Analyzing Goldman Sachs Gr's Short Interest
Portfolio Pulse from Benzinga Insights
Goldman Sachs Gr (NYSE:GS) has seen a 6.73% increase in short interest since its last report, with 3.61 million shares sold short, representing 1.11% of its float. The short interest is below the peer group average of 3.66%. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price decline.
November 16, 2023 | 8:00 pm
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Goldman Sachs has a rise in short interest, but remains below its peer group average. This could indicate bearish sentiment but isn't a definitive predictor of near-term price movement.
While the increase in short interest for Goldman Sachs suggests that some investors are expecting the price to fall, the fact that it is below the peer average and the short interest is a relatively small percentage of the float means the impact on the stock price may be limited in the short term. Additionally, the article suggests that an increase in short interest does not necessarily predict a near-term decline in stock price.
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IMPORTANCE 50
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