(PFE) - Analyzing Pfizer's Short Interest
Portfolio Pulse from Benzinga Insights
Pfizer's (NYSE:PFE) short interest has decreased by 9.45% since the last report, with 65.00 million shares sold short, representing 1.15% of its float. The current short interest suggests a bullish sentiment among investors, as it takes approximately 1.94 days to cover all short positions. Compared to its peers, Pfizer has a lower short interest percentage of float, indicating less bearish sentiment among investors towards Pfizer.
April 30, 2024 | 2:45 pm
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POSITIVE IMPACT
Pfizer's short interest has decreased, indicating a potential increase in bullish sentiment among investors. This could suggest a positive short-term impact on Pfizer's stock price.
The decrease in short interest for Pfizer suggests that fewer investors are betting against the stock, which can be interpreted as a positive signal for its short-term price movement. Given that Pfizer's short interest is also lower than its peer average, this reinforces the bullish sentiment. However, the impact on the stock price will also depend on broader market conditions and company-specific news.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90