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.
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IMPORTANCE 70
RELEVANCE 100