Looking Into Gilead Sciences's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Gilead Sciences (NYSE:GILD) has seen a decrease in short interest, with the short percent of float dropping 4.37% since the last report. The company has 19.50 million shares sold short, representing 1.75% of available shares, with a cover time of 3.36 days. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term price rise. Gilead has a lower short interest compared to its peer group average of 4.35%.
November 22, 2023 | 6:45 pm
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Gilead Sciences's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this does not guarantee a rise in stock price 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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