Peering Into IDEXX Laboratories's Recent Short Interest
Portfolio Pulse from Benzinga Insights
IDEXX Laboratories's (NYSE:IDXX) short percent of float has risen 6.16% since its last report, with 2.28 million shares sold short, which is 3.1% of all regular shares available for trading. It would take traders 4.93 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.25%.
July 20, 2023 | 6:30 pm
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NEUTRAL IMPACT
IDEXX Laboratories's short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment among traders, as they expect the stock price to fall. However, the fact that IDEXX Laboratories's short interest is less than its peer group average could mean that it is performing better than similar companies, which could have a positive impact on its stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100