Looking Into Medtronic's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Medtronic's (NYSE:MDT) short percent of float has risen 12.5% since its last report, with 7.23 million shares sold short, which is 0.54% of all regular shares available for trading. This increase in short interest can indicate a bearish market sentiment towards the stock. However, compared to its peers, Medtronic has less short interest as a percentage of float, with an average of 3.25%.
September 12, 2023 | 4:30 pm
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Increased short interest in Medtronic's stock indicates a bearish sentiment, which could potentially lead to a decrease in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. An increase in short interest can signal that investors have become more bearish, which could potentially lead to a decrease in the stock's price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100