Looking Into Becton Dickinson's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Becton Dickinson (NYSE:BDX) has seen a 4.12% increase in its short percent of float since the last report, with 2.93 million shares sold short, representing 1.01% of available shares. It would take about 2.36 days to cover these short positions. The increase in short interest can indicate a bearish market sentiment towards BDX, although it has less short interest compared to its peers, with an average of 4.21% in the peer group.
April 29, 2024 | 4:45 pm
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Becton Dickinson's short interest has increased, indicating a potentially bearish sentiment among investors, but remains lower than its peer average.
The increase in short interest suggests that investors might be expecting the price of BDX to fall, which could lead to a negative short-term impact on the stock price. However, the fact that BDX has less short interest compared to its peers might mitigate the negative impact to some extent.
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