How Is The Market Feeling About Bristol-Myers Squibb?
Portfolio Pulse from Benzinga Insights
Bristol-Myers Squibb (NYSE:BMY) has seen a 6.25% increase in its short percent of float since the last report, with 31.09 million shares sold short, representing 1.53% of all shares available for trading. This increase in short interest may indicate a more bearish market sentiment towards BMY, although it has less short interest compared to its peers' average of 3.42%.
February 21, 2024 | 7:45 pm
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Bristol-Myers Squibb's short interest has increased, indicating a potentially more bearish sentiment among investors.
The increase in short interest suggests that more traders are betting against BMY, expecting its stock price to fall. This bearish sentiment, if widespread, could lead to a short-term decrease in BMY's stock price. However, the fact that BMY's short interest is below its peer average might mitigate the impact.
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