Looking Into Danaher's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Danaher Corporation's (NYSE:DHR) short interest has decreased by 5.38% since the last report, with 5.80 million shares currently sold short, representing 0.88% of its float. The average time to cover these short positions is 2.37 days. This decline in short interest could indicate a more bullish sentiment towards DHR among investors. Additionally, compared to its peers, Danaher has a lower short interest percentage of float, with an average of 5.03% among its peers.
March 26, 2024 | 7:15 pm
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Danaher's short interest has decreased, indicating a potentially more bullish sentiment towards the stock in the short term.
A decrease in short interest typically suggests that investors are becoming more optimistic about a stock's future performance. For Danaher, this could lead to increased buying pressure and potentially a rise in stock price in the short term, especially since it's also performing better than its peer average in terms of short interest.
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IMPORTANCE 70
RELEVANCE 90