Peering Into Thermo Fisher Scientific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific's (NYSE:TMO) short percent of float has risen 11.27% since its last report, with 3.04 million shares sold short, which is 0.79% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Thermo Fisher Scientific has less short interest as a percentage of float, which is 4.71% on average.
August 11, 2023 | 6:15 pm
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Thermo Fisher Scientific's short interest has increased, indicating a bearish sentiment among investors. However, its short interest is less than its peers' average.
The increase in short interest indicates that more investors are betting that Thermo Fisher Scientific's stock price will fall. However, the fact that its short interest is less than its peers' average could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100