Boston Scientific Stock Sees Surge in Short Interest

Boston Scientific Co. (NYSE:BSX) experienced a 17.8% surge in short interest in December, totaling 14.52 million shares as of December 31st, compared to 12.33 million shares on December 15th. The days-to-cover ratio now stands at 2.5 days, based on the average daily volume of 5.76 million shares. Analysts remain optimistic about Boston Scientific’s performance, with several boosting price targets to as high as $110.00 per share and maintaining a “Buy” rating. The company’s stock price climbed to $98.73 during recent trading, nearing its 12-month high of $99.14, and showing strong financial metrics including a 19.3% year-over-year revenue increase. Institutional investors have also increased their holdings, signaling confidence in the company’s future growth.