(ISRG) - Analyzing Intuitive Surgical's Short Interest
Portfolio Pulse from Benzinga Insights
Intuitive Surgical's (NYSE:ISRG) short interest has decreased by 3.96%, with 3.41 million shares sold short, representing 0.97% of its float. The current short interest suggests a bullish sentiment compared to its peers, with a peer group average of 4.21% short interest. This change in short interest could influence the stock's short-term performance.
April 23, 2024 | 1:45 pm
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Intuitive Surgical's short interest decrease suggests a bullish sentiment, potentially impacting its stock price positively in the short term.
A decrease in short interest typically indicates that investors are less bearish on the stock, which can lead to a positive impact on the stock price in the short term. Given that ISRG's short interest is below its peer group average, this suggests a stronger bullish sentiment towards ISRG compared to its peers, potentially leading to a short-term increase in its stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90