Peering Into General Motors's Recent Short Interest
Portfolio Pulse from Benzinga Insights
General Motors (NYSE:GM) has seen a decrease in short interest, with the short percent of float falling 11.81% since the last report. The company has 28.57 million shares sold short, representing 2.09% of available shares. The average time to cover these short positions is 1.39 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. GM's short interest is below its peer group average of 12.33%.
November 17, 2023 | 2:15 pm
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General Motors's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term increase in stock price.
The decrease in short interest for General Motors indicates that fewer traders are betting against the stock, which could reduce selling pressure and lead to a potential increase in the stock price in the short term. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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