(VEEV) - Analyzing Veeva Sys's Short Interest
Portfolio Pulse from Benzinga Insights
Veeva Systems Inc. (NYSE:VEEV) has seen a decrease in short interest, with the short percent of float dropping 6.37% since the last report. The company has 2.36 million shares sold short, representing 1.47% of available shares for trading. The average time to cover these short positions is 2.2 days. A decrease in short interest can indicate a more bullish sentiment from investors. Veeva has a lower short interest compared to its peer group average of 5.63%.
December 19, 2023 | 8:15 pm
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Veeva Systems has experienced a decline in short interest, which may suggest a more bullish sentiment among investors and could 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 positive impact on the stock price in the short term. However, the article also cautions that this does not necessarily mean the stock will rise. The confidence level is not at the maximum because the market can be influenced by many other factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100