Looking Into Boston Scientific's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Boston Scientific (NYSE:BSX) has seen a 20% decrease in short interest since its last report, with 9.35 million shares sold short, representing 0.64% of its float. The current short interest suggests it would take 1.73 days to cover all short positions. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not guarantee a price rise. Boston Scientific's short interest is below its peer group average of 3.53%.
January 23, 2024 | 4:15 pm
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Boston Scientific's short interest has decreased, which may indicate a bullish sentiment among investors. The stock has less short interest compared to its peers, suggesting potentially less negative market pressure.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to less selling pressure and potentially a rise in the stock price. However, short interest is just one indicator and does not guarantee stock movement. The comparison with peers also supports a relatively positive outlook for BSX.
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