(BDX) - Analyzing Becton, Dickinson's Short Interest
Portfolio Pulse from Benzinga Insights
Becton, Dickinson's (NYSE:BDX) short percent of float has risen 14.29% since its last report, with 2.03 million shares sold short, which is 0.72% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Becton, Dickinson's short interest as a percentage of float is less, with an average of 3.28%.
July 21, 2023 | 2:15 pm
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Becton, Dickinson's short interest has increased, indicating a bearish market sentiment. However, it's less than its peers' average.
The increase in short interest indicates that more investors are betting that the stock price will fall, which is a bearish signal. However, the fact that Becton, Dickinson's short interest is less than its peers' average could mean that it's performing better than similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100