(VEEV) - Analyzing Veeva Systems's Short Interest
Portfolio Pulse from Benzinga Insights
Veeva Systems (NYSE:VEEV) has seen a rise in its short interest by 11.63%, with 2.12 million shares sold short, representing 1.44% of its float. This increase in short interest could indicate bearish sentiment, although Veeva's short interest is lower than its peers' average of 6.36%.
October 09, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Veeva Systems has experienced an 11.63% increase in short interest, now at 1.44% of its float. This could suggest bearish sentiment, but it's still below the peer average of 6.36%.
The increase in short interest suggests that traders are becoming more bearish on Veeva Systems. However, since the short interest is still below the peer average, the impact might be less severe. The short interest rise could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100