(VTRS) - Analyzing Viatris's Short Interest
Portfolio Pulse from Benzinga Insights
Viatris (NYSE:VTRS) has seen a decrease in short interest, with the short percent of float dropping 12.08% since the last report. The company has 30.47 million shares sold short, representing 2.91% of available shares, with a short covering time of 3.83 days. This decline in short interest may indicate a more bullish sentiment among investors. Viatris's short interest is below its peer group average of 3.83%.
January 23, 2024 | 2:00 pm
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Viatris's short interest has decreased, which may suggest a more bullish sentiment from 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 the stock, which can lead to an increase in stock price as short sellers cover their positions. However, the article suggests caution as this does not guarantee a near-term rise.
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