Looking Into Abbott Laboratories's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Abbott Laboratories (NYSE:ABT) has seen a 7.59% decrease in its short percent of float, now at 0.73% of available shares. This indicates a more bullish sentiment compared to its peers, which have an average short interest of 4.59%.
August 29, 2024 | 3:30 pm
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Abbott Laboratories has experienced a 7.59% decrease in short interest, now at 0.73% of its float, indicating a more bullish sentiment compared to its peers.
The decrease in short interest suggests that investors are less bearish on Abbott Laboratories, which could lead to a positive short-term impact on the stock price. Compared to its peers, Abbott has a significantly lower short interest, indicating a relatively stronger market sentiment.
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