Someone with a lot of money to spend has taken a bearish stance on Bristol-Myers Squibb (NYSE:BMY).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
Bristol-Myers Squibb's (NYSE:BMY) short percent of float has fallen 29.89% since its last report. The company recently reported that it has 27.33 million shares sold short, which is 1.29% of all regular shares that are available for trading.
According to Benzinga Pro, during Q2, Bristol-Myers Squibb (NYSE:BMY) earned $1.43 billion, a 11.38% increase from the preceding quarter. Bristol-Myers Squibb also posted a total of $11.89 billion in sales, a 2.05% increase since Q1.