Peering Into Fortive's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Fortive's (NYSE:FTV) short percent of float has decreased by 5.46% since its last report, with 5.38 million shares sold short, representing 1.73% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Fortive. Compared to its peers, Fortive has less short interest as a percentage of float, with an average of 3.53%.
July 28, 2023 | 1:45 pm
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Decrease in short interest could indicate a more bullish sentiment towards Fortive's stock. However, it does not necessarily mean that the stock price will rise in the near term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock. However, it does not necessarily mean that the stock price will rise in the near term. It's also worth noting that compared to its peers, Fortive has less short interest.
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