How Is The Market Feeling About Johnson & Johnson?
Portfolio Pulse from Benzinga Insights
Johnson & Johnson (NYSE:JNJ) has seen a 12.73% increase in short interest since the last report, with 15 million shares sold short, representing 0.62% of available shares. It would take about 2.25 days to cover all short positions. While an increase in short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. JNJ has less short interest compared to its peer group average of 4.35%.
December 25, 2023 | 5:30 pm
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Johnson & Johnson's short interest has increased, which may suggest bearish market sentiment but is still below the peer group average.
The increase in short interest for JNJ indicates that some investors are expecting the price to fall, which could lead to negative pressure on the stock price in the short term. However, since the short interest is lower than the peer average, this may not be a strong bearish signal. The impact is considered neutral due to the uncertainty of whether the increased short interest will translate into a price decline.
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