Short Interest in 3M (NYSE:MMM) Expands By 24.7%
3M (NYSE:MMM – Get Free Report) was the target of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 10,650,000 shares, a growth of 24.7% from the February 28th total of 8,540,000 shares. Approximately 2.0% of the shares of the company are sold short. Based on an average daily volume of 4,030,000 shares, the days-to-cover ratio is currently 2.6 days.
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