Peering Into Illumina's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Illumina's (NYSE:ILMN) short percent of float has fallen 16.57% since its last report, with 5.98 million shares sold short, which is 4.23% of all regular shares available for trading. It would take traders 3.28 days to cover their short positions on average. Compared to its peers, Illumina has less short interest as a percentage of float (4.56%).
August 18, 2023 | 2:00 pm
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Illumina's short interest has decreased, indicating a potentially more bullish market sentiment towards the stock. However, this does not necessarily mean the stock price will rise in the near term.
A decrease in short interest often indicates a more bullish sentiment towards a stock, as fewer traders are betting on the stock's price to fall. However, this is just one of many factors that can influence a stock's price, and it does not guarantee that the stock price will rise in the near term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100