How Is The Market Feeling About AbbVie?
Portfolio Pulse from Benzinga Insights
AbbVie's (NYSE:ABBV) short percent of float has fallen 5.33% since its last report, indicating a decrease in bearish sentiment. The company has 12.45 million shares sold short, which is 0.71% of all regular shares available for trading. Compared to its peers, AbbVie has less short interest as a percentage of float, with an average of 3.63%.
September 25, 2023 | 3:45 pm
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Decrease in short interest suggests less bearish sentiment towards AbbVie. The company's short interest is also lower than its peers' average.
Short interest is an indicator of market sentiment. A decrease in short interest suggests that traders are less bearish on the stock, which could potentially lead to an increase in the stock price. Additionally, AbbVie's short interest is lower than its peers' average, indicating that it may be performing better than similar companies in the market.
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