Looking Into Revvity's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Revvity's short interest has increased by 10.95%, with 4.15 million shares sold short, representing 4.46% of its float. This is below the peer group average of 5.24%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
September 10, 2024 | 6:30 pm
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Revvity's short interest has increased by 10.95%, with 4.15 million shares sold short, representing 4.46% of its float. This is below the peer group average of 5.24%. The rise in short interest suggests a bearish sentiment, but it doesn't guarantee a price drop.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price. However, since Revvity's short interest is still below the peer average, the impact might be less severe. The market sentiment is a key factor, and while increased short interest often suggests a potential price drop, it is not a certainty.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100