Peering Into Johnson & Johnson's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Johnson & Johnson's (NYSE:JNJ) short percent of float has fallen 32.85% since its last report, with 22.26 million shares sold short, which is 0.92% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the stock. Compared to its peers, Johnson & Johnson has less short interest as a percentage of float, with an average of 4.01%.
October 12, 2023 | 7:45 pm
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Johnson & Johnson's short interest has decreased significantly, which could indicate a more bullish sentiment towards the stock. This could potentially lead to an increase in the stock's price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price. Johnson & Johnson's significant decrease in short interest could therefore be a positive sign for the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100