How Is The Market Feeling About Fortive?
Portfolio Pulse from Benzinga Insights
Fortive's (NYSE:FTV) short percent of float has fallen 9.58% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 4.71 million shares sold short, which is 1.51% of all regular shares available for trading. Compared to its peers, Fortive has less short interest as a percentage of float, with an average of 3.60%.
October 18, 2023 | 2:00 pm
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Decrease in short interest indicates less bearish sentiment towards Fortive's stock.
Short interest is the number of shares sold short but not yet 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 in the short term.
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