(ABBV) - Analyzing AbbVie's Short Interest
Portfolio Pulse from Benzinga Insights
AbbVie's short interest has decreased by 8.18%, with 17.79 million shares sold short, representing 1.01% of its float. This is lower than its peers' average short interest of 5.98%. The decrease in short interest may indicate a more bullish sentiment towards AbbVie.
September 27, 2024 | 8:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
AbbVie's short interest has decreased by 8.18%, with 17.79 million shares sold short, representing 1.01% of its float. This is lower than its peers' average short interest of 5.98%. The decrease in short interest may indicate a more bullish sentiment towards AbbVie.
The decrease in short interest suggests that fewer investors are betting against AbbVie, which could indicate a shift towards a more positive market sentiment. This is further supported by the fact that AbbVie's short interest is significantly lower than its peers, potentially making it more attractive to investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100