(MMM) - Analyzing 3M's Short Interest
Portfolio Pulse from Benzinga Insights
3M's short interest has decreased by 3.55%, with 8.98 million shares sold short, representing 1.63% of its float. This is lower than the peer group average of 3.89%. The decline in short interest suggests a more bullish sentiment among investors.
July 02, 2024 | 4:00 pm
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3M's short interest has decreased by 3.55%, with 8.98 million shares sold short, representing 1.63% of its float. This is lower than the peer group average of 3.89%. The decline in short interest suggests a more bullish sentiment among investors.
The decrease in short interest indicates that fewer investors are betting against 3M, which can be interpreted as a sign of increased confidence in the stock. This is further supported by the fact that 3M's short interest is lower than the peer group average, suggesting relatively stronger performance or sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100