How Is The Market Feeling About Abbott Laboratories?
Portfolio Pulse from Benzinga Insights
Abbott Laboratories' (NYSE:ABT) short percent of float has risen 9.38% since its last report, with 12.05 million shares sold short, which is 0.7% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Abbott Laboratories has less short interest as a percentage of float, which is 3.25% on average.
August 10, 2023 | 4:00 pm
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The increase in short interest in Abbott Laboratories indicates a bearish market sentiment. However, compared to its peers, the company has less short interest.
The rise in short interest indicates that more investors are betting that the price of Abbott Laboratories' stock will fall. This could put downward pressure on the stock price in the short term. However, the fact that Abbott Laboratories has less short interest compared to its peers could mitigate this effect to some extent.
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