How Is The Market Feeling About Zoetis?
Portfolio Pulse from Benzinga Insights
Zoetis's (NYSE:ZTS) short percent of float has risen 3.17% since its last report, with 2.98 million shares sold short, which is 0.65% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Zoetis has less short interest.
November 02, 2023 | 2:30 pm
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Zoetis's short percent of float has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers, which could be a positive sign.
The increase in short percent of float indicates that more investors are betting against Zoetis, which could put downward pressure on the stock price in the short term. However, the fact that Zoetis has less short interest compared to its peers could mean that it is less likely to experience a significant price drop.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100