Peering Into Moderna's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Moderna's (NYSE:MRNA) short percent of float has risen 9.06% since its last report, with 17.22 million shares sold short, which is 6.02% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock, potentially signaling that investors have become more bearish. Moderna's peer group average for short interest as a percentage of float is 3.58%, indicating that the company has more short interest than most of its peers.
September 05, 2023 | 3:00 pm
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Moderna's short percent of float has risen 9.06%, indicating a potentially bearish market sentiment. The company has more short interest than most of its peers.
The increase in short interest in Moderna's stock indicates that more investors are betting on the stock's price to fall. This could potentially put downward pressure on the stock's price in the short term. However, it's important to note that short interest is just one of many factors that can influence a stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100