(ZBH) - Analyzing Zimmer Biomet Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
Zimmer Biomet Holdings (NYSE:ZBH) has seen a decrease in short interest, now at 2.52% of its float, down 3.45% from the last report. With 4.11 million shares sold short, it would take about 2.27 days to cover all short positions. This decline in short interest could indicate a more bullish sentiment towards ZBH among investors. Compared to its peers, ZBH has a lower short interest percentage, with the average for its peer group being 4.15%.
February 08, 2024 | 6:30 pm
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Zimmer Biomet Holdings's short interest has decreased, suggesting a more bullish sentiment among investors. With a lower short interest compared to its peers, ZBH might experience less selling pressure.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For ZBH, this reduction in short interest, especially being lower than its peer group average, suggests that the market sentiment is becoming more favorable towards the company. This could lead to less selling pressure and potentially a positive impact on the stock price in the short term.
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IMPORTANCE 75
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