(BIIB) - Analyzing Biogen's Short Interest
Portfolio Pulse from Benzinga Insights
Biogen's (NYSE:BIIB) short percent of float has fallen 11.61% since its last report, with 3.03 million shares sold short, which is 2.36% of all regular shares available for trading. It would take traders 3.1 days to cover their short positions on average. The company has less short interest than most of its peers, with the peer group average for short interest as a percentage of float being 3.77%.
September 01, 2023 | 1:15 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 or closed out. A decrease in short interest can signal that investors have become more bullish, which could potentially lead to an increase in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100