Looking Into Boston Scientific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Boston Scientific (NYSE:BSX) has seen a 31.52% decrease in short interest since its last report, with 9.14 million shares sold short, representing 0.63% of available shares. The current short interest is below the peer group average of 3.48%. Short interest is a market sentiment indicator, and the decline suggests investors may be becoming more bullish on BSX.
November 10, 2023 | 8:30 pm
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Boston Scientific's short interest has significantly decreased, indicating a potential increase in bullish sentiment among investors, which could lead to a short-term positive impact on the stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price as short sellers cover their positions. However, short interest is just one of many factors that can affect stock prices, and the article does not guarantee a price rise.
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