Looking Into Intuitive Surgical's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Intuitive Surgical's (NYSE:ISRG) short interest has increased by 8.97% since the last report, with 2.97 million shares sold short, representing 0.85% of its float. It would take 1.41 days on average to cover these short positions. The rise in short interest can indicate a bearish market sentiment towards ISRG, although it has less short interest compared to its peers' average of 3.93%. This situation doesn't necessarily predict a price drop but suggests increased short selling activity.
February 20, 2024 | 7:15 pm
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Intuitive Surgical's short interest has increased, indicating a potentially bearish sentiment among investors. However, its short interest is below the peer group average.
The increase in short interest suggests that more investors are betting against ISRG, which can be a bearish signal. However, the fact that ISRG's short interest is below its peer group average might mitigate the negative impact. The short-term impact is likely negative due to increased bearish sentiment, but the lower than average short interest compared to peers provides a slightly mitigating factor.
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