Looking Into AbbVie's Recent Short Interest
Portfolio Pulse from Benzinga Insights
AbbVie's short interest has decreased by 16.83%, with 14.86 million shares sold short, representing 0.84% of its float. This is lower than its peers' average of 5.69%. The decrease in short interest may indicate a more bullish sentiment towards AbbVie.
October 14, 2024 | 4:45 pm
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AbbVie's short interest has decreased significantly, suggesting a potential shift in market sentiment towards a more bullish outlook. The current short interest is 0.84% of float, which is lower than the peer average of 5.69%.
The decrease in short interest suggests that fewer investors are betting against AbbVie, which could indicate a more positive outlook on the stock. This is further supported by the fact that AbbVie's short interest is significantly lower than its peers, which may attract more investors looking for stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100