How Is The Market Feeling About Natera?
Portfolio Pulse from Benzinga Insights
Natera (NYSE:NTRA) has seen a decrease in short interest, with 5.76 million shares sold short, representing 4.95% of its float. This marks a 10.16% decline since the last report, indicating a potential shift in market sentiment towards more bullish views. The current short interest suggests it would take approximately 4.72 days for traders to cover their short positions. Compared to its peers, Natera has a lower short interest percentage, with the average for its peer group being 5.82%.
May 09, 2024 | 2:45 pm
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POSITIVE IMPACT
Natera's decrease in short interest to 4.95% of its float, down 10.16% from the last report, indicates a potential shift in market sentiment towards the stock. With a peer average short interest of 5.82%, Natera is performing better in comparison, suggesting a more bullish outlook among investors.
The decrease in short interest for Natera suggests that fewer investors are betting against the stock, which could be interpreted as a positive sign for its future price movement. Given that it's also performing better than its peer average, this could attract more bullish investors, potentially driving up the stock price in the short term.
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