How Is The Market Feeling About Stryker?
Portfolio Pulse from Benzinga Insights
Stryker's (NYSE:SYK) short percent of float has risen 14.29% since its last report, with 3.69 million shares sold short, which is 1.04% of all regular shares available for trading. This increase in short interest can signal that investors have become more bearish. However, compared to its peers, Stryker has less short interest as a percentage of float (2.97%).
October 05, 2023 | 3:45 pm
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Stryker's short percent of float has increased, indicating a bearish sentiment among investors. However, it has less short interest compared to its peers.
The increase in short percent of float indicates that more investors are betting against Stryker, which could put downward pressure on the stock price in the short term. However, the fact that Stryker has less short interest compared to its peers could mean that it is in a relatively better position.
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