Peering Into Royalty Pharma's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Royalty Pharma's short interest has decreased by 3.24%, with 14.19 million shares sold short, representing 3.29% of its float. This is lower than its peers' average short interest of 4.51%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 08, 2024 | 6:45 pm
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Royalty Pharma's short interest has decreased by 3.24%, with 14.19 million shares sold short, representing 3.29% of its float. This is lower than its peers' average short interest of 4.51%. 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 Royalty Pharma, which can be interpreted as a sign of increased confidence in the stock. Additionally, the company's short interest is lower than the average of its peers, further supporting a potentially bullish outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100