Peering Into 3M's Recent Short Interest
Portfolio Pulse from Benzinga Insights
3M's (NYSE:MMM) short percent of float has decreased by 5.41% since its last report, with 11.54 million shares sold short, representing 2.1% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards 3M. Compared to its peers, 3M has less short interest, with an average of 4.03% for its peer group.
July 10, 2023 | 5:00 pm
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3M's short interest has decreased, potentially indicating a more bullish sentiment towards the company. Compared to its peers, 3M has less short interest.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This could potentially lead to an increase in 3M's stock price in the short term. Furthermore, having less short interest than its peers could make 3M more attractive to investors.
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