(MMM) - Analyzing 3M's Short Interest
Portfolio Pulse from Benzinga Insights
3M's short interest has decreased by 14.1%, with 7.34 million shares sold short, representing 1.34% of its float. This is lower than the peer average of 3.78%. The decrease in short interest may indicate a more bullish sentiment towards 3M.
October 11, 2024 | 7:45 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
3M's short interest has decreased by 14.1%, indicating a potential shift towards a more bullish sentiment. The current short interest is 1.34% of the float, which is lower than the peer average of 3.78%.
The decrease in short interest suggests that fewer investors are betting against 3M, which could indicate a more positive outlook on the stock. Additionally, 3M's short interest is lower than its peers, which may further support a bullish sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100