How Is The Market Feeling About Becton Dickinson?
Portfolio Pulse from Benzinga Insights
Becton Dickinson's (NYSE:BDX) short percent of float has fallen 22.88% since its last report, indicating a more bullish sentiment towards the stock. The company has 2.65 million shares sold short, which is 0.91% of all regular shares available for trading. Compared to its peers, Becton Dickinson has less short interest.
September 29, 2023 | 3:15 pm
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Becton Dickinson's short percent of float has decreased, indicating a more bullish sentiment towards the stock. This could potentially lead to a rise in the stock price.
A decrease in short interest often indicates a more bullish sentiment towards a stock. This is because short selling is a practice where traders sell shares they do not own, hoping the price will fall. Therefore, a decrease in short interest could suggest that fewer traders are expecting the stock price to fall, which could potentially lead to a rise in the stock price.
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