(NVS) - Analyzing Novartis's Short Interest
Portfolio Pulse from Benzinga Insights
Novartis (NYSE:NVS) has seen a 10.53% decrease in short interest since its last report, with 3.40 million shares sold short, representing 0.17% of its float. The average time to cover these short positions is 2.07 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Novartis has a lower short interest compared to its peer group average of 4.38%.
December 20, 2023 | 5:47 pm
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Novartis's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
The reduction in short interest for Novartis indicates that fewer traders are betting against the stock, which could reduce selling pressure and potentially lead to a price increase. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate rise in the stock price.
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