Peering Into AbbVie's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AbbVie's (NYSE:ABBV) short percent of float has fallen 8.47% since its last report, with 9.51 million shares sold short, which is 0.54% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. AbbVie's short interest as a percentage of float is less than its peer group average of 3.57%.
August 04, 2023 | 2:09 pm
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AbbVie's short interest has decreased, which could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. AbbVie's short interest has decreased, which could indicate a more bullish sentiment towards the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100