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Bristol-Myers Squibb Co.
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Latest Monthly BMY Short Interest Down 20.7%, With Its Price Up 4.3%, As of 7-15-22Per Yahoo!Finance Statistics, BMY's short interest dropped from 34.46 M shares to 27.33 M shares, or 20.7%, between 6-15-22 and 7-15-22. During the same period, its price rose from $72.52 to $75.65, or 4.3%. News from the CVR case was resurrected on 6-24-22, which may have given BMY shorts (hedge funds?) the ability to cover BMY shares at reduced prices (i.e. $78.42 on 6-24-22 vs. $74.01 on 7-14-22). As it turned out, "there was much ado about nothing", in the larger context. JMHO. |
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