(JNJ) - Analyzing Johnson & Johnson's Short Interest
Portfolio Pulse from Benzinga Insights
Johnson & Johnson's (NYSE:JNJ) short percent of float has fallen 58.36% since its last report, with 32.86 million shares sold short, which is 1.37% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, JNJ has less short interest as a percentage of float, with an average of 4.26%.
September 25, 2023 | 3:30 pm
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Decrease in short interest could indicate a more bullish sentiment towards Johnson & Johnson.
A decrease in short interest often indicates a more bullish sentiment towards a stock. As such, the significant decrease in short interest for Johnson & Johnson could potentially lead to an increase in its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100