Peering Into Becton Dickinson's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Becton Dickinson (NYSE:BDX) has seen an 8.97% increase in its short percent of float since the last report, with 2.46 million shares sold short, representing 0.85% of available shares. It would take about 1.94 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards BDX, although it has less short interest compared to its peers, with an average of 3.93% in the peer group.
February 21, 2024 | 8:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Becton Dickinson has experienced an increase in short interest, indicating a potentially bearish sentiment among investors. However, its short interest is below the peer group average.
The increase in short interest suggests that investors might be expecting the price of BDX to fall, which could lead to negative pressure on the stock price in the short term. However, the fact that BDX has less short interest compared to its peers might mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100