(G) - Analyzing Genpact's Short Interest
Portfolio Pulse from Benzinga Insights
Genpact's (NYSE:G) short interest has decreased by 17.18% since the last report, with 2.15 million shares sold short, representing 1.35% of its float. This decline in short interest could indicate a more bullish sentiment towards the stock compared to its peers, where the average short interest as a percentage of float is 4.44%.
March 13, 2024 | 5:45 pm
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POSITIVE IMPACT
Genpact's short interest has significantly decreased, indicating a potential increase in bullish sentiment among investors.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. Given that Genpact's short interest has fallen more than the peer average, this could be a positive signal for its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90