Looking Into Medtronic's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Medtronic's (NYSE:MDT) short percent of float has risen 11.76% since its last report, with 7.59 million shares sold short, which is 0.57% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Medtronic has less short interest as a percentage of float, which is 2.99% on average.
September 28, 2023 | 1:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Medtronic's short interest has increased, indicating a bearish sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that traders are expecting the price of Medtronic's stock to fall. However, the fact that it has less short interest compared to its peers could mean that the bearish sentiment is not as strong as it is for other companies in the same industry.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100