Looking Into Abbott Laboratories's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Abbott Laboratories' (NYSE:ABT) short percent of float has risen 11.76% since its last report, with 13.22 million shares sold short, which is 0.76% of all regular shares available for trading. It would take traders 2.41 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Abbott Laboratories' peer group average for short interest as a percentage of float is 3.28%, which means the company has less short interest than most of its peers.
July 25, 2023 | 3:15 pm
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Abbott Laboratories' short percent of float has risen 11.76%, indicating a potential bearish sentiment among investors. However, compared to its peers, the company has less short interest.
The increase in short interest indicates that more investors are betting that the price of Abbott Laboratories' stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that the company has less short interest than most of its peers could mitigate this effect to some extent.
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