How Is The Market Feeling About Sanofi?
Portfolio Pulse from Benzinga Insights
Sanofi (NYSE:SNY) has seen a 25% decrease in short interest since its last report, with 3.73 million shares sold short, representing 0.15% of available shares. The short interest now takes 1.55 days to cover. This decline in short interest may indicate a more bullish sentiment towards SNY compared to its peers, which have an average short interest of 3.51% of float.
November 30, 2023 | 5:00 pm
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Sanofi's decrease in short interest suggests a more bullish sentiment among investors, which could lead to a potential short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a short-term increase in its price as the market sentiment improves. Since Sanofi's short interest is below the peer group average, it may be perceived more favorably by the market, potentially leading to a positive impact on the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90