How Is The Market Feeling About Medtronic?
Portfolio Pulse from Benzinga Insights
Medtronic's (NYSE:MDT) short percent of float has risen 11.76% since its last report, with 7.59 million shares sold short, which is 0.57% 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, Medtronic has less short interest as a percentage of float, which is 2.99% on average.
October 17, 2023 | 3:15 pm
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Medtronic'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 Medtronic, which could put downward pressure on the stock price in the short term. However, the fact that Medtronic has less short interest compared to its peers could mean that it is less likely to experience a significant drop in price compared to other companies in the same industry.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100