Looking Into GSK's Recent Short Interest
Portfolio Pulse from Benzinga Insights
GSK (NYSE:GSK) has seen a 16.67% decrease in short interest, with 4 million shares sold short, representing 0.2% of available shares. The average time to cover these short positions is 1.11 days. Short interest is a market sentiment indicator, and GSK's short interest is below its peer group average of 3.25%. This decline in short interest does not necessarily predict a near-term price rise, but indicates fewer shares are shorted.
November 20, 2023 | 8:45 pm
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GSK's short interest has decreased, suggesting a more bullish market sentiment towards the stock. However, this does not guarantee a price increase in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price. However, the impact on the stock price is not certain and depends on broader market conditions and company performance.
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