Peering Into Medtronic's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Medtronic's (NYSE:MDT) short percent of float has fallen 7.41% since its last report, with 6.62 million shares sold short, which is 0.5% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Medtronic's short interest as a percentage of float is less than its peer group average of 3.24%.
July 28, 2023 | 3:15 pm
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Decrease in short interest could indicate a more bullish sentiment towards Medtronic's stock.
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. As Medtronic's short interest has decreased, this could indicate a more bullish sentiment towards the stock, potentially leading to an increase in its price.
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