Peering Into Becton Dickinson's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Becton Dickinson (NYSE:BDX) has seen a 34.72% increase in short interest since its last report, with 2.79 million shares sold short, representing 0.97% of its float. This increase in short interest could indicate a more bearish market sentiment towards BDX, although it has less short interest compared to its peers' average of 4.09%. The rise in short interest does not necessarily predict a price drop but suggests traders are betting more on a decline.
March 29, 2024 | 4:45 pm
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Becton Dickinson's short interest has increased by 34.72%, indicating a bearish sentiment among traders. However, its short interest is still below the peer average.
The increase in short interest suggests that traders are expecting the price of BDX to fall, which could lead to a short-term negative impact on the stock price. However, the fact that BDX's short interest is below its peer group average might mitigate the bearish outlook to some extent.
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IMPORTANCE 70
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