Peering Into IDEXX Laboratories's Recent Short Interest
Portfolio Pulse from Benzinga Insights
IDEXX Laboratories (NYSE:IDXX) has seen a 5.93% increase in its short percent of float since the last report, with 1.85 million shares sold short, representing 2.5% of available shares. It would take about 3.93 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards IDXX, although it has less short interest compared to its peer group average of 3.86%. This information suggests investors are showing increased bearishness but IDXX is still performing better than most of its peers in terms of short interest.
February 19, 2024 | 3:30 pm
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IDEXX Laboratories has experienced a 5.93% increase in short interest, indicating a bearish sentiment among investors. However, its short interest is still below the peer group average.
The increase in short interest suggests that investors are becoming more bearish on IDXX, potentially leading to downward pressure on the stock price in the short term. However, the fact that IDXX's short interest is below its peer group average might mitigate some negative impact, indicating that while bearish, the sentiment is not as strong as it could be compared to its peers.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90