Peering Into Goldman Sachs Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Goldman Sachs Gr (NYSE:GS) has seen a 13.51% increase in short interest since its last report, with 4.09 million shares sold short, representing 1.26% of its float. It would take about 1.81 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. Compared to its peers, GS has less short interest, with the peer group average at 4.10% of float.
December 05, 2023 | 6:15 pm
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NEUTRAL IMPACT
Goldman Sachs Gr's short interest has increased, which may indicate bearish sentiment among investors. However, with short interest below the peer group average, the impact may be muted.
While the increase in short interest for GS suggests that some investors are expecting the price to fall, the fact that it is below the peer average means the sentiment is not as bearish as it could be. The short-term impact on the stock price is likely to be neutral, as short interest is just one of many factors that can affect stock prices.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 80