(ZBH) - Analyzing Zimmer Biomet Holdings's Short Interest
Portfolio Pulse from Benzinga Insights
Zimmer Biomet Holdings (NYSE:ZBH) has seen a 14.44% decrease in its short percent of float, now at 3.2% of available shares. This is lower than its peers' average of 4.32%. The decrease in short interest may indicate a more bullish sentiment towards the stock.
October 31, 2024 | 1:15 pm
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Zimmer Biomet Holdings has experienced a 14.44% decrease in short interest, now at 3.2% of float, which is below the peer average of 4.32%. This could indicate a shift towards a more bullish sentiment.
The decrease in short interest suggests that fewer investors are betting against the stock, which can be interpreted as a positive signal. Additionally, ZBH's short interest is lower than its peers, potentially indicating stronger market confidence in the company compared to its industry counterparts.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100