Looking Into Royalty Pharma's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Royalty Pharma's (NYSE:RPRX) short interest has decreased by 3.91% since the last report, with 12.65 million shares sold short, representing 2.95% of its float. This decrease in short interest could indicate a more bullish sentiment towards RPRX among traders. Compared to its peers, RPRX has a lower short interest percentage of float, with the average being 3.99%.
April 04, 2024 | 3:15 pm
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POSITIVE IMPACT
Royalty Pharma's short interest has decreased, indicating a potential bullish sentiment shift among traders. This could lead to a short-term positive impact on RPRX's stock price.
A decrease in short interest typically indicates that traders are less bearish on the stock, potentially leading to an increase in its price as the market sentiment shifts. Given that RPRX's short interest is also below its peer average, this could further contribute to a positive outlook among investors and traders.
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