(ZBH) - Analyzing Zimmer Biomet Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
Zimmer Biomet Holdings (NYSE:ZBH) has seen a 9.8% decrease in short interest since the last report, with 2.25 million shares sold short, representing 1.38% of available shares. The average time to cover these short positions is 1.35 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. Compared to its peers, ZBH has a lower short interest as a percentage of float, with the peer group average at 3.52%.
December 22, 2023 | 3:15 pm
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Zimmer Biomet Holdings has experienced a decrease in short interest, which may suggest a more bullish sentiment among investors and could lead to a potential short-term increase in stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, which can lead to an increase in its price in the short term. However, short interest is just one of many factors that can affect stock prices, and there is no guarantee that the price will rise. The confidence level is not at 100 because market sentiment can be unpredictable and influenced by numerous external factors.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100