(ABT) - Analyzing Abbott Laboratories's Short Interest
Portfolio Pulse from Benzinga Insights
Abbott Laboratories's short percent of float has fallen 12.82% since its last report, with 11.82 million shares sold short, which is 0.68% of all regular shares available for trading. This decrease in short interest can signal that investors have become more bullish. Abbott Laboratories's peer group average for short interest as a percentage of float is 3.48%, indicating the company has less short interest than most of its peers.
July 03, 2023 | 5:46 pm
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Abbott Laboratories's short interest has decreased, indicating a more bullish sentiment among investors. The company's short interest is lower than most of its peers.
A decrease in short interest often indicates a more bullish sentiment among investors, as it means fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term. Additionally, having a lower short interest than its peers could make Abbott Laboratories more attractive to investors.
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