Looking Into Johnson & Johnson's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Johnson & Johnson's (NYSE:JNJ) short percent of float has risen 115.22% since its last report, with 25.73 million shares sold short, which is 0.99% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Johnson & Johnson has less short interest.
August 16, 2023 | 4:00 pm
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The rise in short interest in Johnson & Johnson's stock could indicate a bearish sentiment, potentially affecting 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. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the stock's price in the short term.
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