Looking Into Medtronic's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Medtronic's short interest has increased by 22.86%, with 16.50 million shares sold short, representing 1.29% of its float. This is lower than the peer group average of 4.57%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
September 12, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Medtronic's short interest has increased by 22.86%, with 16.50 million shares sold short, representing 1.29% of its float. This is lower than the peer group average of 4.57%. 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 Medtronic'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 is mixed, and the short interest alone doesn't guarantee a price movement.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100