(IDXX) - Analyzing IDEXX Laboratories's Short Interest
Portfolio Pulse from Benzinga Insights
IDEXX Laboratories (NYSE:IDXX) has seen a 15.88% decrease in short interest since its last report, with 1.84 million shares sold short, representing 2.49% of its float. The average time to cover these short positions is 6.0 days. A decrease in short interest can indicate a more bullish sentiment towards the stock. IDEXX has a lower short interest compared to its peer group average of 3.45%.
January 12, 2024 | 3:00 pm
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IDEXX Laboratories has experienced a significant 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.
The reduction in short interest for IDEXX Laboratories indicates that traders are less bearish on the stock, which could lead to a short-term increase in its price as the market sentiment appears to be shifting positively. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the maximum level.
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