Looking Into Boston Scientific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Boston Scientific's (NYSE:BSX) short percent of float has risen 40.0% since its last report, with 12.22 million shares sold short, which is 0.84% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Boston Scientific has less short interest as a percentage of float, which is 3.36% on average.
September 18, 2023 | 8:45 pm
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Boston Scientific's short interest has increased, indicating a bearish sentiment among investors. However, it has less short interest compared to its peers.
The increase in short interest indicates that more investors are betting that the price of Boston Scientific's stock will fall. This could put downward pressure on the stock price in the short term. However, the company's short interest is less than its peers, which could indicate less bearish sentiment compared to other companies in the same industry.
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IMPORTANCE 75
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