Looking Into Stryker's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Stryker's (NYSE:SYK) short percent of float has fallen 7.23% since its last report, with 2.74 million shares sold short, which is 0.77% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards Stryker. Compared to its peers, Stryker has less short interest as a percentage of float, with an average of 3.28%.
August 30, 2023 | 3:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards Stryker. The company has less short interest compared to its peers.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often indicates a more bullish sentiment towards the stock, as it suggests fewer investors are betting on the stock's price to fall. In Stryker's case, the decrease in short interest, coupled with the fact that it has less short interest compared to its peers, could potentially indicate a more positive market sentiment towards the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100