Peering Into AbbVie's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AbbVie's short interest has increased by 15.15%, with 20.19 million shares sold short, representing 1.14% of its float. This is lower than the peer group average of 6.31%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 06, 2024 | 7:30 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
AbbVie's short interest has increased by 15.15%, with 20.19 million shares sold short, representing 1.14% of its float. This is lower than the peer group average of 6.31%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but since AbbVie's short interest is still below the peer average, the impact on the stock price may be neutral in the short term. The market sentiment could change if the short interest continues to rise or if other factors come into play.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100