(AVNS) - Analyzing Avanos Medical's Short Interest
Portfolio Pulse from Benzinga Insights
Avanos Medical's short interest has decreased by 8.12%, with 2.15% of its float sold short. This is lower than its peers' average of 7.65%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
August 22, 2024 | 3:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Avanos Medical's short interest has decreased by 8.12%, now at 2.15% of its float, which is lower than the peer average of 7.65%. This could indicate a shift towards a more bullish sentiment among investors.
The decrease in short interest suggests that fewer investors are betting against Avanos Medical, which could be interpreted as a positive sign for the stock. Additionally, the company's short interest is significantly lower than its peers, which may further support a bullish outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100