How Is The Market Feeling About Global Payments?
Portfolio Pulse from Benzinga Insights
Global Payments (NYSE:GPN) has seen a 16.47% increase in its short percent of float, now at 2.97%. This indicates a rise in bearish sentiment, although it remains below the peer average of 5.78%. It would take traders 4.98 days to cover short positions.
September 30, 2024 | 8:30 pm
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Global Payments has experienced a 16.47% increase in short interest, now at 2.97% of its float. This suggests growing bearish sentiment, though it's still below the peer average of 5.78%.
The increase in short interest suggests that investors are becoming more bearish on Global Payments, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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