Looking Into Bristol-Myers Squibb's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Bristol-Myers Squibb's (NYSE:BMY) short percent of float has fallen 17.97% since its last report, with 43.76 million shares sold short, which is 2.1% of all regular shares available for trading. It would take traders 4.46 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 4.22%.
September 18, 2023 | 2:00 pm
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NEUTRAL IMPACT
Bristol-Myers Squibb's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
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. However, this does not necessarily mean the stock price will rise in the near term, as other factors can also influence the stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100