How Is The Market Feeling About Bristol-Myers Squibb?
Portfolio Pulse from Benzinga Insights
Bristol-Myers Squibb (NYSE:BMY) has seen a decrease in short interest, with the short percent of float falling 5.98% to 1.73% of all shares available for trading. This indicates a more bullish sentiment among investors compared to its peers, where the average short interest as a percentage of float is 4.15%.
April 29, 2024 | 3:45 pm
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The decrease in short interest for Bristol-Myers Squibb suggests a more bullish sentiment among investors, potentially leading to a positive short-term impact on its stock price.
A decrease in short interest typically indicates that investors are less bearish on a stock, expecting its price to rise. Given that Bristol-Myers Squibb's short interest has fallen significantly below the peer group average, this suggests a stronger bullish sentiment specifically towards BMY, which could lead to an increase in its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90