Looking Into Haleon's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Haleon (NYSE:HLN) has seen a decrease in short interest, with the short percent of float dropping by 4.35% since the last report. The company has 20.33 million shares sold short, which is 0.44% of all shares available for trading. The current short interest represents a 3.96-day average volume to cover. This decline in short interest may indicate a more bullish sentiment among investors compared to the peer group average short interest of 7.57%.
December 01, 2023 | 7:45 pm
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POSITIVE IMPACT
Haleon's short interest has decreased, which could suggest a more bullish sentiment from investors and potentially lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to a rise in its price as short sellers cover their positions. However, the article also cautions that this does not necessarily mean the stock will rise in the near term. The confidence score is not at the maximum because the article suggests caution in interpreting the decrease in short interest.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100