How Is The Market Feeling About Moderna?
Portfolio Pulse from Benzinga Insights
Moderna's (NYSE:MRNA) short percent of float has fallen 4.22% since its last report, with 17.56 million shares sold short, which is 6.13% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. However, Moderna's short interest as a percentage of float is higher than its peer group average of 3.33%.
July 18, 2023 | 4:30 pm
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Moderna's short percent of float has decreased, indicating a more bullish sentiment. However, its short interest is higher than its peer group average.
A decrease in short interest usually indicates a more bullish sentiment towards a stock, as it means fewer traders are betting on the stock's price to fall. However, Moderna's short interest is higher than its peer group average, which could indicate a higher level of skepticism towards the stock compared to its peers.
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