Looking Into Zoetis's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zoetis's (NYSE:ZTS) short percent of float has risen 7.89% since its last report, with 3.78 million shares sold short, which is 0.82% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Zoetis has less short interest as a percentage of float, which is 4.52% on average.
September 07, 2023 | 4:00 pm
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Zoetis's short interest has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers, which could be a positive sign.
An increase in short interest usually indicates a bearish sentiment towards the stock. However, Zoetis has less short interest compared to its peers, which could mean that it is performing better than them. This could potentially offset the bearish sentiment indicated by the increase in short interest.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100