How Is The Market Feeling About Mettler-Toledo Intl?
Portfolio Pulse from Benzinga Insights
Mettler-Toledo Intl's (NYSE:MTD) short percent of float has fallen 12.45% since its last report, with 426 thousand shares sold short, which is 2.25% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Mettler-Toledo has less short interest.
August 31, 2023 | 5:00 pm
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Decrease in short interest in Mettler-Toledo Intl could indicate a more bullish sentiment towards the stock. The company's short interest is also lower than its peers.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish. Given that Mettler-Toledo's short interest has decreased and is lower than its peers, this could indicate a more bullish sentiment towards the stock, potentially leading to a rise in its price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100