How Is The Market Feeling About Illumina?
Portfolio Pulse from Benzinga Insights
Illumina's (NYSE:ILMN) short percent of float has fallen 3.07% since its last report, indicating a decrease in bearish sentiment towards the stock. The company has 5.79 million shares sold short, which is 4.1% of all regular shares available for trading. Compared to its peers, Illumina has less short interest as a percentage of float, with an average of 4.62%.
September 11, 2023 | 3:00 pm
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Decrease in short interest in Illumina suggests less bearish sentiment towards the stock. This could potentially lead to a more stable or positive price movement in the short term.
Short interest is an indicator of market sentiment. A decrease in short interest suggests that traders are less bearish on the stock, which could potentially lead to less selling pressure and a more stable or positive price movement in the short term.
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