Looking Into AbbVie's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AbbVie's (NYSE:ABBV) short percent of float has fallen 7.14% since its last report, with 11.47 million shares sold short, which is 0.65% of all regular shares available for trading. This decrease in short interest could signal 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 4.19%.
November 07, 2023 | 4:30 pm
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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 can signal a more bullish sentiment towards a stock. AbbVie's short interest has decreased, and it is lower than its peers' average, which could indicate a more positive market sentiment towards the company.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100