(BIIB) - Analyzing Biogen's Short Interest
Portfolio Pulse from Benzinga Insights
Biogen's (NYSE:BIIB) short percent of float has fallen 6.9% since its last report, with 2.07 million shares sold short, which is 1.62% of all regular shares available for trading. It would take traders 2.03 days to cover their short positions on average. Compared to its peers, Biogen has less short interest as a percentage of float, with the average being 3.57%.
July 20, 2023 | 2:30 pm
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Biogen's short interest has decreased, indicating a potentially more bullish sentiment towards the stock.
Short interest is the number of shares that have been sold short but have not yet been covered. A decrease in short interest can signal that investors have become more bullish on the stock. Given that Biogen's short interest has decreased, this could potentially indicate a more bullish sentiment towards the stock in the short term.
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