(ABT) - Analyzing Abbott Laboratories's Short Interest
Portfolio Pulse from Benzinga Insights
Abbott Laboratories' short percent of float has fallen 7.58% since its last report, with 10.61 million shares sold short, which is 0.61% of all regular shares available for trading. This decrease in short interest could indicate a more bullish market sentiment towards the company. Compared to its peers, Abbott Laboratories has less short interest as a percentage of float, with an average of 3.26%.
October 23, 2023 | 4:15 pm
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Abbott Laboratories' short interest has decreased, which could indicate a more bullish sentiment towards the company's 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 or closed out. 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. Abbott Laboratories' short interest has decreased, indicating a potentially more bullish sentiment towards the company's stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100