How Is The Market Feeling About Takeda Pharmaceutical?
Portfolio Pulse from Benzinga Insights
Takeda Pharmaceutical's (NYSE:TAK) short percent of float has fallen 11.54% since its last report, indicating a more bullish sentiment towards the stock. The company has 7.25 million shares sold short, which is 0.23% of all regular shares available for trading. Compared to its peers, Takeda has less short interest as a percentage of float, with an average of 4.45%.
August 17, 2023 | 7:00 pm
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Decrease in short interest suggests a more bullish sentiment towards Takeda Pharmaceutical. This could potentially lead to an increase in the stock price in the short term.
Short interest is the number of shares sold short but not yet covered. A decrease in short interest indicates that fewer investors expect the stock price to fall, suggesting a more bullish sentiment. This could potentially lead to an increase in the stock price.
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