How Is The Market Feeling About Becton Dickinson?
Portfolio Pulse from Benzinga Insights
Becton Dickinson (NYSE:BDX) has seen a 32.05% increase in short interest since the last report, with 2.99 million shares sold short, representing 1.03% of available shares. It would take 1.6 days to cover these short positions based on current trading volume. While an increase in short interest can indicate bearish sentiment, BDX has less short interest compared to its peer group average of 3.75%. The rise in short interest does not necessarily predict a near-term price drop.
November 29, 2023 | 8:30 pm
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Becton Dickinson's short interest has increased, but remains below peer average. This could indicate bearish sentiment but doesn't necessarily predict a price drop.
While the increase in short interest for Becton Dickinson may suggest that some investors are expecting the stock price to decline, the fact that it is still below the peer group average indicates that the sentiment is not overwhelmingly bearish. The short-term impact on the stock price is uncertain, as short interest is just one of many factors that can affect stock prices.
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