How Is The Market Feeling About Biogen?
Portfolio Pulse from Benzinga Insights
Biogen's (NASDAQ:BIIB) short percent of float has fallen 24.68% since its last report, indicating a more bullish sentiment towards the stock. The company has 2.23 million shares sold short, which is 1.74% of all regular shares available for trading. Compared to its peers, Biogen has less short interest as the average for its peer group is 4.16%.
June 29, 2023 | 2:01 pm
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Decrease in short interest indicates a more bullish sentiment towards Biogen. This could potentially lead to an increase in the 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 the stock price.
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