Looking Into Medtronic's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Medtronic's short interest has risen by 10.38%, with 15.33 million shares sold short, representing 1.17% of its float. This increase in short interest could indicate bearish sentiment, although Medtronic's short interest is still lower than its peers' average of 4.80%.
June 07, 2024 | 8:30 pm
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Medtronic's short interest has increased by 10.38%, now at 1.17% of its float. This could indicate bearish sentiment, but it's still lower than the peer average of 4.80%.
The increase in short interest suggests that more investors are betting against Medtronic, which could be seen as a bearish signal. However, the short interest is still lower than the peer average, which might mitigate some of the negative sentiment.
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