How Is The Market Feeling About General Motors?
Portfolio Pulse from Benzinga Insights
General Motors (NYSE:GM) has seen a decrease in short interest, with the short percent of float falling 4.14% since the last report. The company has 110.71 million shares sold short, which is 8.11% of available shares for trading. The current short interest is lower than the peer group average of 10.24%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.
January 26, 2024 | 6:15 pm
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General Motors's short interest has decreased, which may indicate a more bullish sentiment among investors. However, this does not guarantee an immediate increase in stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a potential increase in stock price in the short term. However, the impact is not certain as short interest is just one of many factors that influence stock prices.
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