(ZTS) - Analyzing Zoetis's Short Interest
Portfolio Pulse from Benzinga Insights
Zoetis (NYSE:ZTS) has seen a 6.67% increase in its short percent of float since the last report, with 2.96 million shares sold short, representing 0.64% of available shares. This indicates a bearish sentiment among investors, although it's not a definitive predictor of stock price movement. Zoetis's short interest is below its peer group average of 3.46%, suggesting less bearish sentiment compared to its peers.
February 14, 2024 | 7:15 pm
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Zoetis has experienced an increase in short interest, indicating a bearish sentiment among investors. However, its short interest is lower than its peer group average.
The increase in short interest for Zoetis suggests that investors are becoming more bearish on the stock. However, the fact that it is still below the peer group average could mitigate the negative impact. Short interest is a bearish indicator but not always a direct predictor of stock price decline.
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IMPORTANCE 70
RELEVANCE 90