Peering Into Intuitive Surgical's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Intuitive Surgical's (NYSE:ISRG) short interest has increased by 9.41% since the last report, with 3.26 million shares sold short, representing 0.93% of its float. It would take approximately 2.31 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards ISRG, although it has less short interest compared to its peers, with an average of 4.39% in the peer group.
March 14, 2024 | 1:00 pm
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Intuitive Surgical's short interest has risen, indicating a bearish sentiment. However, it's still below its peer average, suggesting relative strength.
The increase in short interest for ISRG suggests that investors are becoming more bearish on the stock, potentially leading to downward pressure on its price in the short term. However, being below the peer average in short interest might indicate that ISRG is in a relatively stronger position compared to its peers, which could mitigate some of the negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90