Looking Into Goldman Sachs Gr's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Goldman Sachs Gr (NYSE:GS) has experienced a 3.97% increase in short interest since its last report, with 4.26 million shares sold short, representing 1.31% of its float. It would take about 2.59 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 a lower short interest as a percentage of float, with the peer group average at 4.58%.
December 27, 2023 | 4:15 pm
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NEUTRAL IMPACT
Goldman Sachs Gr's short interest has increased, which may indicate bearish market sentiment but is still below its peer group average. The short-term price impact is uncertain as increased short interest does not necessarily lead to immediate price declines.
While the rise in short interest for Goldman Sachs suggests that some investors are expecting the price to fall, the fact that it is below the peer average and the article's indication that increased short interest does not always lead to price declines suggests a neutral short-term impact on the stock price.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80