How Is The Market Feeling About Pfizer?
Portfolio Pulse from Benzinga Insights
Pfizer (NYSE:PFE) has seen a 13.4% decrease in short interest since its last report, with 47.18 million shares sold short, representing 0.84% of available shares. The short interest decline suggests a more bullish sentiment among traders, as it would take 1.34 days to cover short positions based on current trading volume. Pfizer's short interest is below its peer group average of 3.22%, indicating less bearish sentiment compared to its peers.
November 27, 2023 | 7:15 pm
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Pfizer's decrease in short interest suggests a more bullish market sentiment, potentially leading to a positive short-term impact on its stock price.
A decrease in short interest typically indicates that traders are less bearish on a stock, expecting the price to rise or at least not fall significantly. Since Pfizer's short interest is lower than its peer average, this could be interpreted as a positive sign by the market, potentially leading to an increase in the stock price in the short term.
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