Looking Into Becton Dickinson's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Becton Dickinson (NYSE:BDX) has seen a 17.02% decrease in short interest since its last report, with 2.27 million shares sold short, representing 0.78% of its float. The average time to cover these short positions is 2.32 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Becton Dickinson's short interest is below its peer group average of 3.47%.
November 13, 2023 | 2:30 pm
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Becton Dickinson's short interest has decreased, suggesting a more bullish sentiment among investors and potentially less downward pressure on the stock price in the short term.
The decrease in short interest for Becton Dickinson indicates that fewer investors are betting on the stock's decline, which could reduce selling pressure and potentially lead to a short-term increase in the stock price. However, short interest is just one of many factors that can affect stock prices, and the article does not suggest an immediate rise in the stock price.
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