Peering Into Veeva Sys's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Veeva Systems Inc. (NYSE:VEEV) has seen a 23.04% decrease in short interest, now at 2.50 million shares or 1.57% of float. It would take about 1.5 days to cover all short positions. A decrease in short interest may indicate a more bullish sentiment among investors. VEEV has less short interest compared to its peer group average of 6.10%.
November 30, 2023 | 6:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Veeva Systems Inc.'s short interest has decreased, which could suggest a more bullish sentiment among investors and potentially lead to a short-term positive impact on the stock price.
The decrease in short interest for VEEV indicates that fewer traders are betting against the stock, which could reduce the likelihood of a short squeeze and potentially lead to a rise in the stock price in the short term. However, the article does not guarantee a price rise, and other market factors could influence the stock's performance.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100