Looking Into AbbVie's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AbbVie's (NYSE:ABBV) short percent of float has fallen 4.23% since its last report, with 11.93 million shares sold short, which is 0.68% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards AbbVie. Compared to its peers, AbbVie has less short interest as a percentage of float, with an average of 3.80%.
October 12, 2023 | 8:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Decrease in short interest could indicate a more bullish sentiment towards AbbVie. The company's short interest is lower than its peers' average.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest often indicates a more bullish sentiment towards the stock, as it suggests fewer investors are betting on the stock's price to fall. In AbbVie's case, the decrease in short interest, coupled with the fact that its short interest is lower than its peers' average, could suggest a more positive market sentiment towards the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100