Looking Into Novartis's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Novartis (NYSE:NVS) has seen a 7.69% increase in its short percent of float, now at 0.28% of all regular shares. This indicates a rise in bearish sentiment, although it remains below the peer group average of 4.58%.
October 14, 2024 | 5:00 pm
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Novartis has experienced a 7.69% increase in short interest, now at 0.28% of its float. This suggests a rise in bearish sentiment, though it remains below the peer average of 4.58%.
The increase in short interest suggests that investors are becoming more bearish on Novartis, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate the impact.
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