(TMO) - Analyzing Thermo Fisher Scientific's Short Interest
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific (NYSE:TMO) has seen a 16.88% increase in its short percent of float since the last report, with 3.43 million shares sold short, representing 0.9% of available shares. This indicates a bearish sentiment among investors, though it's not a definitive predictor of stock price movement. Compared to its peers, TMO has a lower short interest percentage of float (5.41%), suggesting less bearish sentiment relative to similar companies.
April 08, 2024 | 3:45 pm
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Thermo Fisher Scientific's increase in short interest suggests a bearish sentiment among investors, but its lower than peer average indicates less negativity compared to similar companies.
The increase in short interest for TMO indicates that investors are becoming more bearish on the stock. However, the fact that TMO's short interest as a percentage of float is significantly lower than its peer group average suggests that the bearish sentiment is not as strong when compared to similar companies. This mixed signal could lead to short-term price volatility as the market digests this information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90