Looking Into Globus Medical's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Globus Medical's short interest has decreased by 29.25%, with 4.83 million shares sold short, representing 4.79% of its float. This is higher than its peers' average of 4.44%. The decrease in short interest may indicate a more bullish sentiment.
August 19, 2024 | 2:00 pm
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Globus Medical's short interest has decreased significantly, which may indicate a shift towards a more bullish market sentiment. The company's short interest is still higher than its peers, suggesting cautious optimism.
The significant decrease in short interest suggests that traders are less bearish on Globus Medical, which could lead to a positive short-term impact on the stock price. However, the short interest remains above the peer average, indicating that some caution is still warranted.
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