Looking Into Zimmer Biomet Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Zimmer Biomet Holdings (NYSE:ZBH) has seen a 15.79% increase in short interest, with 6.71 million shares sold short, representing 3.74% of its float. This is below the peer group average of 4.66%. The rise in short interest may indicate bearish sentiment, but it doesn't guarantee a price drop.
October 11, 2024 | 7:15 pm
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Zimmer Biomet Holdings has experienced a 15.79% increase in short interest, now at 3.74% of its float. This is below the peer average of 4.66%, suggesting less bearish sentiment compared to peers.
The increase in short interest suggests that traders are more bearish on ZBH, which could lead to downward pressure on the stock price. However, since the short interest is below the peer average, the bearish sentiment is not as strong as it could be.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100