Peering Into Stryker's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Stryker's (NYSE:SYK) short interest has risen by 7.55%, with 4.11 million shares sold short, representing 1.14% of its float. This increase in short interest could indicate bearish sentiment, although Stryker's short interest is still below the peer group average of 4.91%.
July 24, 2024 | 3:15 pm
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Stryker's short interest has increased by 7.55%, now at 1.14% of its float. This could indicate bearish sentiment, but the short interest is still below the peer group average of 4.91%.
The increase in short interest suggests that more investors are betting against Stryker, which could lead to downward pressure on the stock price. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
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IMPORTANCE 70
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