How Is The Market Feeling About Danaher?
Portfolio Pulse from Benzinga Insights
Danaher Corporation (NYSE:DHR) has seen a 30.34% increase in short interest since the last report, with 7.64 million shares sold short, representing 1.16% of available shares. It would take about 2.74 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, Danaher has less short interest compared to its peer group average of 5.79%. The rise in short interest does not necessarily predict a stock price decline.
December 15, 2023 | 6:45 pm
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Danaher's short interest has increased, which may suggest bearish market sentiment. However, its short interest is below the peer group average, indicating less bearish sentiment compared to its peers.
While the increase in short interest typically suggests that investors are expecting the price to fall, the fact that Danaher's short interest is below its peer group average could mitigate the bearish outlook. The article does not provide specific reasons for the increase in short interest or any company-specific news that would suggest a significant impact on the stock price in the short term.
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