Short Interest in AbbVie Rises By 32.5% (ABBV)
AbbVie (NYSE:ABBV) saw a significant increase in short interest in August. As of August 15th, there was short interest totalling 84,262,581 shares, an increase of 32.5% from the July 31st total of 63,612,842 shares, AnalystRatings.NET reports. Based on an average daily volume of 11,723,839 shares, the days-to-cover ratio is currently 7.2 days. Currently, 5.3% of the shares of the stock are sold short.
AbbVie (NYSE:ABBV) opened at 55.54 on Friday. AbbVie has a one year low of $42.89 and a one year high of $58.27. The stock has a 50-day moving average of $54.12 and a 200-day moving average of $52.96. The company has a market cap of $88.403 billion and a P/E ratio of 21.52.
AbbVie Inc (NYSE:ABBV) is a research-based pharmaceuticals company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.