U.S. Markets open in 4 hrs 32 mins

Bio-Reference Laboratories Inc. (BRLI) should you worry about its short interest?

Zacks Equity Research

Many investors appear to be quite bearish Bio-Reference Laboratories Inc. ( BRLI ) especially if you look at the percentage of the float that is sold short for this stock. Currently, 37.56% of the float is sold short, suggesting an extreme level of bearishness for JASO.

However, it is worth noting that earnings estimates have actually been moving higher for the company, despite the pessimism. Thanks to these rising estimates, we actually have a Zacks Rank #2 (Buy) on JASO, so we clearly don’t believe in the negativity surrounding this firm, and are instead looking for shares of JASO to move higher in the weeks ahead.

BIO REFERENCE LABS INC NEW (BRLI): Free Stock Analysis Report

Zacks Investment Research