Looking Into Takeda Pharmaceutical's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Takeda Pharmaceutical's (NYSE:TAK) short percent of float has risen 11.11% since its last report, with 9.46 million shares sold short, which is 0.3% of all regular shares available for trading. It would take traders 4.1 days to cover their short positions on average. An increase in short interest can signal that investors have become more bearish. Takeda Pharmaceutical's peer group average for short interest as a percentage of float is 3.22%, which means the company has less short interest than most of its peers.
November 03, 2023 | 3:30 pm
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Takeda Pharmaceutical's short percent of float has risen 11.11%, indicating a potential bearish sentiment among investors. However, the company has less short interest than most of its peers.
The increase in short interest indicates that more investors are betting that Takeda's stock price will fall. However, compared to its peers, Takeda has less short interest, which could mean that the bearish sentiment is not as strong as it is for other companies in the same sector.
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