Looking Into Biogen's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Biogen's (NYSE:BIIB) short percent of float has risen 24.07% since its last report, with 2.57 million shares sold short, which is 2.01% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a particular stock. However, compared to its peers, Biogen has less short interest as a percentage of float (3.50%).
August 08, 2023 | 1:00 pm
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Biogen's short percent of float has increased, indicating a bearish market sentiment. However, it has less short interest compared to its peers.
The increase in short interest indicates that traders are expecting the price of Biogen's stock to fall. However, the fact that Biogen has less short interest compared to its peers could mean that the market sentiment towards Biogen is less bearish than towards its peers.
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