(IDXX) - Analyzing IDEXX Laboratories's Short Interest
Portfolio Pulse from Benzinga Insights
IDEXX Laboratories (NYSE:IDXX) has seen a decrease in short interest, with the short percent of float falling 4.26% since the last report. The company has 2.66 million shares sold short, representing 3.6% of available shares, with a cover time of 6.25 days. This decline in short interest may indicate a more bullish sentiment among investors, although it doesn't necessarily predict a near-term price rise. IDEXX has a higher short interest than its peer group average of 3.42%.
December 13, 2023 | 8:15 pm
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IDEXX Laboratories has experienced a decrease in short interest, which could suggest a more bullish sentiment among investors. However, this does not guarantee a rise in stock price in the short term.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to an increase in its price. However, the article cautions that this does not necessarily mean the stock will rise in the near term. The confidence score is not at the maximum because the relationship between short interest and stock price is not always direct and can be influenced by various other factors.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 100