Looking Into AbbVie's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AbbVie's (NYSE:ABBV) short percent of float has risen 20.37% since its last report, with 11.44 million shares sold short, which is 0.65% of all regular shares available for trading. An increase in short interest can indicate a bearish market sentiment. However, compared to its peers, AbbVie has less short interest as a percentage of float, which is 3.24% on average.
August 22, 2023 | 4:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
AbbVie's short interest has increased, indicating a bearish sentiment. However, its short interest is lower compared to its peers.
The increase in short interest indicates that traders are expecting the price of AbbVie's stock to fall. However, the fact that AbbVie's short interest is lower than its peers could mean that the market is less bearish on AbbVie compared to other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100