Peering Into IDEXX Laboratories's Recent Short Interest
Portfolio Pulse from Benzinga Insights
IDEXX Laboratories's (NYSE:IDXX) short percent of float has risen 8.06% since its last report, with 2.47 million shares sold short, which is 3.35% of all regular shares available for trading. It would take traders 5.2 days to cover their short positions on average. The company has more short interest than most of its peers, with an average of 3.17%.

August 08, 2023 | 5:45 pm
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IDEXX Laboratories has seen an increase in short interest, indicating a bearish sentiment among traders. However, high short interest can sometimes be bullish, as it provides potential for a short squeeze.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish on a stock. However, a high level of short interest can also be bullish, as it provides the potential for a short squeeze, where a rapid increase in the price of a stock forces short sellers to close their positions, further driving up the price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100