How Is The Market Feeling About Johnson & Johnson?
Portfolio Pulse from Benzinga Insights
Johnson & Johnson's (NYSE:JNJ) short percent of float has fallen 8.0% since its last report, indicating a decrease in bearish sentiment. The company has 12.08 million shares sold short, which is 0.46% of all regular shares available for trading. Compared to its peers, Johnson & Johnson has less short interest as a percentage of float, with an average of 3.51%.
July 27, 2023 | 3:15 pm
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POSITIVE IMPACT
Decrease in short interest in Johnson & Johnson indicates a less bearish sentiment towards the stock. This could potentially lead to a more stable or positive price movement in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest suggests that traders are less bearish on the stock, which could potentially lead to less selling pressure and a more stable or positive price movement in the short term.
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IMPORTANCE 70
RELEVANCE 100