Peering Into Zoetis's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zoetis's (NYSE:ZTS) short percent of float has risen 26.67% since its last report, with 3.51 million shares sold short, which is 0.76% 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, Zoetis has less short interest as a percentage of float, which is 4.42% on average.
August 21, 2023 | 6:15 pm
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Zoetis's short percent of float has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that traders are expecting the price of Zoetis's stock to fall. However, the fact that it has less short interest compared to its peers 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