How Is The Market Feeling About Becton Dickinson?
Portfolio Pulse from Benzinga Insights
Becton Dickinson (NYSE:BDX) has seen a 12.62% decrease in short interest since its last report, with 2.62 million shares sold short, representing 0.9% of its float. The average time to cover these short positions is 1.36 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Becton Dickinson has a lower short interest compared to its peer group average of 3.54%.
December 19, 2023 | 2:00 pm
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POSITIVE IMPACT
Becton Dickinson's decrease in short interest suggests a more bullish sentiment from the market, potentially leading to a positive short-term impact on the stock price.
The reduction in short interest for Becton Dickinson indicates that fewer traders are betting against the stock, which could lead to less selling pressure and a potential increase in the stock price in the short term. The fact that BDX has less short interest than its peers further strengthens the case for a positive outlook. However, the article also cautions that this does not guarantee a rise in the stock price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80