Peering Into Medtronic's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Medtronic's short interest has decreased by 23.26%, with 12.70 million shares sold short, representing 0.99% of its float. This is lower than the peer group average of 4.41%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 02, 2024 | 6:30 pm
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Medtronic's short interest has decreased significantly, suggesting a potential shift towards a more bullish market sentiment. The current short interest is 0.99% of the float, which is lower than the peer average.
The decrease in short interest by 23.26% suggests that fewer investors are betting against Medtronic, which could indicate a more positive outlook on the stock. With the short interest being lower than the peer average, it may suggest that Medtronic is viewed more favorably compared to its peers.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100