How Is The Market Feeling About Johnson & Johnson?
Portfolio Pulse from Benzinga Insights
Johnson & Johnson (NYSE:JNJ) has seen a decrease in short interest, with the current level at 14.53 million shares or 0.6% of float, down 7.69% since the last report. The short interest is lower than the peer group average of 3.23%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term price rise.
November 21, 2023 | 7:15 pm
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Johnson & Johnson's short interest has decreased, which may suggest a more bullish sentiment among investors. However, this is not a certain indicator of an immediate price increase.
The decrease in short interest for JNJ indicates that fewer traders are betting against the stock, which could be taken as a positive sign by the market. However, short interest is just one of many factors that can affect stock prices, and the article suggests caution, as this does not guarantee a near-term price rise.
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