(BMY) - Analyzing Bristol-Myers Squibb's Short Interest
Portfolio Pulse from Benzinga Insights
Bristol-Myers Squibb's (NYSE:BMY) short percent of float has risen 220.0% since its last report, with 53.51 million shares sold short, which is 2.56% of all regular shares available for trading. It would take traders 4.2 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, Bristol-Myers Squibb's peer group average for short interest as a percentage of float is 4.44%, which means the company has less short interest than most of its peers.
August 31, 2023 | 1:45 pm
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Bristol-Myers Squibb's short percent of float has risen significantly, indicating a bearish sentiment among investors. However, it has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting against Bristol-Myers Squibb, which could put downward pressure on the stock. However, the company's short interest is still lower than its peers, which could limit the potential downside.
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