Looking Into Zoetis's Recent 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. It would take about 1.41 days to cover these short positions. This rise in short interest indicates a more bearish market sentiment towards Zoetis, although it has less short interest compared to its peers, with an average of 3.95% in the peer group.
March 08, 2024 | 3:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Zoetis has experienced an increase in short interest, indicating a potentially bearish market sentiment but remains below peer average.
The increase in short interest for Zoetis suggests that investors might be expecting the stock price to decline, which could lead to a short-term negative impact on the stock price. However, the fact that Zoetis has less short interest compared to its peers might mitigate the negative sentiment to some extent. The importance is rated at 75 due to the potential impact of market sentiment on stock price, and the confidence level is at 90, considering the clear data provided on short interest and its implications.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100