Looking Into Globus Medical's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Globus Medical's short interest has decreased by 9.19%, with 4.39 million shares sold short, representing 4.35% of its float. This is below the peer group average of 4.43%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
September 06, 2024 | 7:00 pm
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Globus Medical's short interest has decreased by 9.19%, with 4.39 million shares sold short, representing 4.35% of its float. This is below the peer group average of 4.43%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
The decrease in short interest suggests that fewer investors are betting against Globus Medical, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that its short interest is below the peer group average, indicating relatively stronger market sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100