Peering Into Danaher's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Danaher Corporation (NYSE:DHR) has experienced a 13.79% decrease in short interest since its last report, with 6.59 million shares sold short, representing 1.0% of its float. The average time to cover these short positions is 1.89 days. A decrease in short interest can indicate a more bullish sentiment among investors. Danaher's short interest is below its peer group average of 5.68%.
January 05, 2024 | 2:45 pm
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Danaher's short interest has decreased, which may suggest a more bullish sentiment among investors and could potentially lead to a short-term positive impact on the stock price.
The decrease in short interest for Danaher suggests that fewer investors are betting against the stock, which could lead to less selling pressure and a potential increase in the stock price in the short term. However, short interest is just one indicator and does not guarantee stock movement.
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IMPORTANCE 70
RELEVANCE 100