How Is The Market Feeling About IDEXX Laboratories?
Portfolio Pulse from Benzinga Insights
IDEXX Laboratories's (NYSE:IDXX) short percent of float has risen 6.57% since its last report, with 2.63 million shares sold short, which is 3.57% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. Compared to its peers, IDEXX Laboratories has more short interest.
August 24, 2023 | 5:45 pm
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The increase in short interest in IDEXX Laboratories indicates a bearish market sentiment, which could potentially lead to a decrease in the company's stock 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 company's stock price.
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