How Is The Market Feeling About Amgen?
Portfolio Pulse from Benzinga Insights
Amgen's (NASDAQ:AMGN) short percent of float has fallen 4.93% since its last report, indicating a more bullish sentiment towards the stock. The company has 7.20 million shares sold short, which is 1.35% of all regular shares available for trading. Compared to its peers, Amgen has less short interest as a percentage of float, with an average of 4.18%.
June 28, 2023 | 7:45 pm
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POSITIVE IMPACT
Decrease in short interest indicates a more bullish sentiment towards Amgen. This could potentially lead to an increase in stock price in the short term.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish, potentially leading to an increase in stock price.
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