(SYK) - Analyzing Stryker's Short Interest
Portfolio Pulse from Benzinga Insights
Stryker's (NYSE:SYK) short percent of float has risen 21.84% since its last report, with 3.76 million shares sold short, which is 1.06% of all regular shares available for trading. It would take traders 2.75 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Stryker's peer group average for short interest as a percentage of float is 3.34%, which means the company has less short interest than most of its peers.
July 17, 2023 | 7:30 pm
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Stryker's short percent of float has increased, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting against Stryker, which could put downward pressure on the stock price. However, the fact that Stryker has less short interest than most of its peers could mitigate this effect to some extent.
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