Looking Into Zoetis's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zoetis's (NYSE:ZTS) short percent of float has fallen 11.54% since its last report, with 3.19 million shares sold short, which is 0.69% of all regular shares available for trading. This decrease in short interest could signal a more bullish market sentiment towards Zoetis. Compared to its peers, Zoetis has less short interest as a percentage of float, with an average of 3.54%.
July 11, 2023 | 1:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Zoetis's short percent of float has decreased, indicating a more bullish market sentiment. This could potentially lead to an increase in the stock's price in the short term.
A decrease in short interest often indicates a more bullish market sentiment as it means fewer investors are betting against the stock. This could potentially lead to an increase in demand for the stock, driving up its price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100