Peering Into Global Payments's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Global Payments (NYSE:GPN) has seen a 36.91% increase in its short percent of float since the last report, with 5.26 million shares sold short, representing 2.04% of available shares. It would take about 2.53 days to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards GPN, although it has less short interest compared to its peer group average of 5.18%. This information suggests investors are showing increased bearishness but GPN still fares better than most of its peers in terms of short interest.
February 15, 2024 | 3:00 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Global Payments has experienced a significant increase in short interest, indicating a bearish sentiment among investors. However, it's still better positioned than most of its peers.
The increase in short interest for Global Payments suggests that investors are becoming more bearish on the stock. However, the fact that GPN has a lower short interest compared to its peers might mitigate the negative impact slightly. The short-term impact is likely negative due to the increased bearish sentiment, but the comparison with peers suggests that GPN is not in the worst position.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90