How Is The Market Feeling About Mettler-Toledo Intl?
Portfolio Pulse from Benzinga Insights
Mettler-Toledo Intl's (NYSE:MTD) short percent of float has risen 7.65% since its last report, with 404 thousand shares sold short, which is 2.11% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Mettler-Toledo Intl's short interest as a percentage of float is less, with an average of 4.95%.
July 10, 2023 | 8:01 pm
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Mettler-Toledo Intl's short interest has increased, indicating a bearish market sentiment. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting that the price of Mettler-Toledo Intl's stock will fall. This is generally a bearish signal. However, the fact that its short interest is less than its peers' average could mean that the bearish sentiment is not as strong for Mettler-Toledo Intl as it is for its peers.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100