Looking Into Thermo Fisher Scientific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific's (NYSE:TMO) short percent of float has risen 5.88% since its last report, with 2.77 million shares sold short, which is 0.72% of all regular shares available for trading. It would take traders 1.47 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. However, TMO's short interest as a percentage of float is less than its peer group average of 4.99%.
October 11, 2023 | 4:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Thermo Fisher Scientific's short interest has increased, indicating a potentially bearish sentiment among investors. However, its short interest is less than its peer group average.
The increase in short interest indicates that more investors are betting that the price of TMO will fall. This could put downward pressure on the stock price in the short term. However, the fact that TMO's short interest is less than its peer group average suggests that it may be less vulnerable to a short squeeze.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100