(TMO) - Analyzing Thermo Fisher Scientific's Short Interest
Portfolio Pulse from Benzinga Insights
Thermo Fisher Scientific (NYSE:TMO) has seen a 12.9% increase in its short percent of float, now at 1.05% of available shares. This is lower than its peers' average of 5.58%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 07, 2024 | 2:45 pm
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Thermo Fisher Scientific's short interest has increased by 12.9%, now at 1.05% of float, which is below the peer average of 5.58%. This rise may indicate bearish sentiment but doesn't guarantee a price drop.
The increase in short interest suggests a bearish sentiment among investors, but the short interest is still below the peer average, which may mitigate the negative impact. The short interest alone does not guarantee a price drop.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100