Peering Into West Pharmaceutical Servs's Recent Short Interest
Portfolio Pulse from Benzinga Insights
West Pharmaceutical Services (NYSE:WST) has seen a 9.04% increase in its short percent of float, now at 2.05%. This indicates a rise in bearish sentiment, although it remains below the peer group average of 5.31%. Traders should be aware of the increased short interest.
June 07, 2024 | 4:45 pm
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West Pharmaceutical Services has experienced a 9.04% increase in short interest, now at 2.05% of its float. This suggests a rise in bearish sentiment, although it remains below the peer group average of 5.31%.
The increase in short interest indicates that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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