(DGX) - Analyzing Quest Diagnostics's Short Interest
Portfolio Pulse from Benzinga Insights
Quest Diagnostics (NYSE:DGX) has seen a decrease in short interest, now at 2.97 million shares or 3.53% of float, down 13.05% since the last report. This indicates a bullish sentiment as it takes 2.37 days on average to cover short positions. Compared to its peers, DGX has a lower short interest percentage, with the average being 10.07%, suggesting a relatively positive market sentiment towards DGX.

March 05, 2024 | 1:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Quest Diagnostics's decrease in short interest suggests a bullish market sentiment, potentially leading to a positive short-term impact on its stock price.
The decrease in short interest for Quest Diagnostics indicates that fewer investors are betting against the stock, which can be interpreted as a positive sentiment towards the company. This reduction, especially when compared to the higher peer average, suggests that the market views DGX more favorably than its competitors. Such a shift in sentiment is likely to have a positive impact on the stock price in the short term, as it reflects increased investor confidence.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90