Peering Into Becton Dickinson's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Becton Dickinson's (NYSE:BDX) short percent of float has risen 22.22% since its last report, with 2.86 million shares sold short, which is 0.99% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards the stock. However, compared to its peers, Becton Dickinson has less short interest as a percentage of float, which is 3.20% on average.
August 23, 2023 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
The increase in short interest in Becton Dickinson's shares could indicate a bearish market sentiment. However, its lower short interest compared to peers might be a positive sign.
Short interest is a measure of market sentiment. An increase in short interest can indicate that investors are becoming more bearish on a stock. However, Becton Dickinson's short interest is lower than its peers, which could be interpreted as a positive sign. The impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100