Looking Into Biogen's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Biogen's (NYSE:BIIB) short percent of float has fallen 7.62% since its last report, with 2.64 million shares sold short, which is 2.06% of all regular shares available for trading. This decrease in short interest could signal a more bullish sentiment towards the stock. Compared to its peers, Biogen has less short interest, with an average of 4.13% for its peer group.
November 06, 2023 | 6:00 pm
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Decrease in short interest could indicate a more bullish sentiment towards Biogen. The company's short interest is also lower than its peer group average.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. A decrease in short interest can signal that investors have become more bullish. Biogen's short interest has decreased and is also lower than its peer group average, which could indicate a more bullish sentiment towards the stock.
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