Peering Into Abbott Laboratories's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Abbott Laboratories' (NYSE:ABT) short percent of float has risen 5.71% since its last report, with 12.77 million shares sold short, which is 0.74% of all regular shares available for trading. It would take traders 2.97 days to cover their short positions on average. The company's short interest is less than its peer group average of 3.28%.
August 31, 2023 | 5:00 pm
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NEGATIVE IMPACT
Abbott Laboratories' short interest has increased, indicating a bearish sentiment among traders. However, its short interest is less than its peer group average.
An increase in short interest indicates that more traders are betting that the stock price will fall. However, the fact that Abbott Laboratories' short interest is less than its peer group average suggests that the bearish sentiment is not as strong compared to other similar companies.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100