Looking Into Zimmer Biomet Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zimmer Biomet Holdings's (NYSE:ZBH) short percent of float has risen 27.17% since its last report, with 3.81 million shares sold short, which is 2.34% of all regular shares available for trading. It would take traders 2.49 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.38%.
July 11, 2023 | 8:30 pm
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Zimmer Biomet Holdings's short percent of float has risen 27.17% since its last report. The company has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting against Zimmer Biomet Holdings, which could put downward pressure on the stock. However, the company has less short interest than most of its peers, which could indicate that it is viewed more favorably than its competitors.
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