(SGEN) - Analyzing Seagen's Short Interest
Portfolio Pulse from Benzinga Insights
Seagen's (NYSE:SGEN) short percent of float has risen 8.14% since its last report, with 6.70 million shares sold short, which is 4.78% of all regular shares available for trading. This indicates that more traders are betting on the stock's price to fall. However, an increase in short interest can sometimes be bullish for a stock.
September 20, 2023 | 4:00 pm
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Seagen's short percent of float has risen, indicating more traders are betting on the stock's price to fall. However, this could potentially be bullish for the stock.
An increase in short interest indicates that more traders are betting on the stock's price to fall. However, this can sometimes be bullish for a stock, as it could lead to a short squeeze if the price rises, forcing short sellers to buy back the stock to cover their positions, which can further drive up the price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100