Looking Into Moderna's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Moderna's (NYSE:MRNA) short percent of float has risen 4.82% since its last report, with 18.05 million shares sold short, which is 6.31% of all regular shares available for trading. This increase in short interest can act as an indicator of market sentiment towards a stock. Moderna's peer group average for short interest as a percentage of float is 3.35%, indicating the company has more short interest than most of its peers.
September 21, 2023 | 2:15 pm
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Moderna's short percent of float has increased, indicating a bearish market sentiment. The company has more short interest than most of its peers.
An increase in short interest can indicate that investors have become more bearish on a stock. In Moderna's case, the short percent of float has risen 4.82%, which is higher than the average of its peer group. This could potentially lead to downward pressure on the stock price in the short term.
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