(ABT) - Analyzing Abbott Laboratories's Short Interest
Portfolio Pulse from Benzinga Insights
Abbott Laboratories' (NYSE:ABT) short percent of float has fallen 10.81% since its last report, with 11.47 million shares sold short, which is 0.66% of all regular shares available for trading. It would take traders 2.81 days to cover their short positions on average. The company has less short interest than most of its peers, with an average of 3.37%.
September 20, 2023 | 1:30 pm
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Abbott Laboratories' short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest can signal a more bullish sentiment towards a stock, as it indicates fewer investors are betting on the stock's price to fall. This could potentially lead to an increase in the stock's price in the short term.
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