How Is The Market Feeling About Novartis?

Novartis's short percent of float has increased by 4.55%, with 4.38 million shares sold short, representing 0.23% of available trading shares. It would take traders an average of 1.88 days to cover their short positions. An increase in short interest can indicate bearish market sentiment, while a decrease may suggest bullish sentiment. Compared to its peers, Novartis has a lower short interest at 3.24%. This trend does not necessarily predict a stock price decline in the near term.