Looking Into Genpact's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Genpact's short interest has decreased by 8.38%, with 4.49 million shares sold short, representing 3.28% of its float. This is lower than the peer average of 4.76%. The decrease in short interest may indicate a more bullish sentiment towards Genpact.
August 23, 2024 | 2:00 pm
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POSITIVE IMPACT
Genpact's short interest has decreased by 8.38%, with 4.49 million shares sold short, representing 3.28% of its float. This is lower than the peer average of 4.76%. The decrease in short interest may indicate a more bullish sentiment towards Genpact.
The decrease in short interest suggests that fewer investors are betting against Genpact, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that Genpact's short interest is below the peer average, indicating relatively stronger market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100