(NVS) - Analyzing Novartis's Short Interest
Portfolio Pulse from Benzinga Insights
Novartis (NYSE:NVS) has seen a 5.56% increase in short interest since its last report, with 3.84 million shares sold short, representing 0.19% of available shares. It would take about 3.02 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. Novartis has less short interest compared to its peer group average of 3.50%.
December 01, 2023 | 3:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Novartis's short interest has increased, which may indicate bearish sentiment among investors, but the company's short interest is still below its peer group average.
The increase in short interest suggests that some investors are expecting the price of NVS to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is below the peer group average, this may not be a strong bearish signal. The impact is likely to be neutral in the short term as the market absorbs this information and considers other factors influencing the stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 100