Peering Into Thermo Fisher Scientific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific (NYSE:TMO) has seen a 15.38% increase in short interest since the last report, with 2.91 million shares sold short, representing 0.75% of available shares. The average time to cover these short positions is 1.42 days. While an increase in short interest can indicate bearish sentiment, it doesn't necessarily predict a price drop. TMO's short interest is below its peer group average of 6.01%.
January 09, 2024 | 4:45 pm
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NEUTRAL IMPACT
Thermo Fisher Scientific's short interest has increased, which may indicate bearish sentiment among investors. However, the level is still below the peer group average, suggesting less negative sentiment compared to peers.
The increase in short interest for TMO suggests 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 below the peer average, it may not be as significant a concern. The short-term impact is likely to be neutral as the market has already absorbed this information, and the actual effect will depend on broader market trends and upcoming company performance indicators.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80