Peering Into Stryker's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Stryker Corporation (NYSE:SYK) has seen a 7.69% decrease in short interest since its last report, with 3.42 million shares sold short, representing 0.96% of its float. The average time to cover these short positions is 1.57 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Stryker has a lower short interest compared to its peer group average of 3.47%.
November 27, 2023 | 6:15 pm
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Stryker's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
The decrease in short interest for Stryker indicates that fewer investors are betting against the stock, which could reduce selling pressure and potentially lead to a price increase. 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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