How Is The Market Feeling About Seagen?
Portfolio Pulse from Benzinga Insights
Seagen's (NYSE:SGEN) short percent of float has fallen 8.66% since its last report, indicating a more bullish sentiment towards the stock. The company has 5.62 million shares sold short, which is 4.01% of all regular shares available for trading. This is higher than the average short interest of its peer group, which stands at 3.44%.
July 19, 2023 | 8:15 pm
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Decrease in short interest suggests a more bullish sentiment towards Seagen. However, its short interest is still higher than its peer group average.
A decrease in short interest usually indicates a more bullish sentiment towards a stock as it suggests fewer investors are betting on its price to fall. However, Seagen's short interest is still higher than its peer group average, indicating that it may still be viewed more negatively than its peers.
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