(CTLT) - Analyzing Catalent's Short Interest
Portfolio Pulse from Benzinga Insights
Catalent's (NYSE:CTLT) short interest has decreased by 33.03% since the last report, with 7.45 million shares sold short, representing 5.21% of its float. This decrease in short interest could indicate a more bullish sentiment towards CTLT among investors. Compared to its peers, CTLT has a higher short interest percentage of float (5.21% vs. peer average of 3.11%).
February 28, 2024 | 5:30 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Catalent's short interest has significantly decreased, indicating a potential bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Catalent, this significant drop in short interest could reduce selling pressure and potentially lead to a price increase in the short term, especially since it has a higher short interest than most of its peers.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90