Peering Into Global Payments's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Global Payments Inc. (NYSE:GPN) has seen a 10.79% decrease in short interest, with 3.21 million shares sold short, representing 1.24% of available shares. The average time to cover these short positions is 1.51 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, GPN has a lower short interest as a percentage of float, with the peer group average at 6.25%.
November 24, 2023 | 6:00 pm
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Global Payments's short interest has decreased, which may suggest a more bullish market sentiment towards the company's stock 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 in the short term. However, short interest is just one of many factors that can affect stock prices.
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