(JNJ) - Analyzing Johnson & Johnson's Short Interest
Portfolio Pulse from Benzinga Insights
Johnson & Johnson's (NYSE:JNJ) short percent of float has risen 232.32% since its last report, with 85.50 million shares sold short, which is 3.29% of all regular shares available for trading. It would take traders 2.31 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, JNJ's short interest as a percentage of float is less than its peer group average of 4.40%.
September 07, 2023 | 2:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Johnson & Johnson's short interest has significantly increased, indicating a bearish sentiment among investors. However, its short interest is still less than its peer group average.
The significant increase in short interest indicates that more investors are betting against JNJ, which could put downward pressure on the stock price in the short term. However, the fact that JNJ's short interest is less than its peer group average suggests that it may be performing better than similar companies in the market.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100