Peering Into Medtronic's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Medtronic's (NYSE:MDT) short percent of float has fallen 23.88% since its last report, with 6.77 million shares sold short, which is 0.51% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Medtronic's short interest as a percentage of float is less than its peer group average of 3.46%.
July 12, 2023 | 5:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The decrease in short interest in Medtronic could indicate a more bullish sentiment towards the stock, potentially impacting its price positively in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often signals a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in Medtronic's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100