(GILD) - Analyzing Gilead Sciences's Short Interest
Portfolio Pulse from Benzinga Insights
Gilead Sciences (NYSE:GILD) has seen a decrease in short interest, with the short percent of float dropping 4.29% since the last report. The company has 17.42 million shares sold short, representing 1.56% of available shares for trading. The average time to cover these short positions is 2.93 days. A decrease in short interest can indicate a more bullish sentiment among investors. Gilead's short interest is below its peer group average of 5.05%.
December 18, 2023 | 7:30 pm
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Gilead Sciences's short interest has decreased, which may suggest a more bullish sentiment among investors and 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 an increase in its price. Since Gilead's short interest is lower than its peers, this could be seen as a positive sign by the market, potentially leading to a short-term price increase.
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