Peering Into AbbVie's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AbbVie's (NYSE:ABBV) short percent of float has fallen 7.81% since its last report, with 10.36 million shares sold short, which is 0.59% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. AbbVie's short interest as a percentage of float is lower than its peer group average of 3.62%.
July 18, 2023 | 1:30 pm
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AbbVie's short interest has decreased, potentially indicating a more bullish sentiment towards the stock. The company's short interest is also lower than its peer group average.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. This, combined with the fact that AbbVie's short interest is lower than its peer group average, could potentially have a positive impact on the company's stock price in the short term.
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