(ISRG) - Analyzing Intuitive Surgical's Short Interest
Portfolio Pulse from Benzinga Insights
Intuitive Surgical's (NYSE:ISRG) short interest has increased by 19.28% since the last report, with 3.45 million shares sold short, representing 0.99% of available shares. It would take about 2.13 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Compared to its peers, Intuitive Surgical has a lower short interest as a percentage of float, with an average of 3.76% in its peer group.
November 29, 2023 | 5:45 pm
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NEUTRAL IMPACT
Intuitive Surgical has seen a 19.28% increase in short interest, but with only 0.99% of shares shorted, it remains below the peer group average. This may not have a significant impact on the stock price in the short term.
While the increase in short interest suggests that some investors are bearish on ISRG, the fact that it's below the peer average and represents less than 1% of the float suggests a limited impact on the stock price. Additionally, the article does not provide any specific negative information about the company that would justify a negative score.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 80