Looking Into Natera's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Natera's (NYSE:NTRA) short interest has decreased by 21.4%, with 6.25 million shares sold short, representing 5.51% of its float. This decline in short interest suggests a more bullish sentiment among investors compared to its peers, where the average short interest is 5.96%. The coverage time for these short positions is approximately 3.85 days based on current trading volumes.
April 23, 2024 | 6:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Natera's recent decrease in short interest could indicate a potential increase in stock price in the short term due to a more bullish market sentiment.
A decrease in short interest typically suggests that investors are becoming more optimistic about a company's future prospects, potentially leading to an increase in stock price as short sellers cover their positions. Given that Natera's short interest is now below the peer average, this could further contribute to positive sentiment around the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100