Peering Into Moderna's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Moderna's (NYSE:MRNA) short interest has increased by 8.4% since the last report, with 19.61 million shares sold short, representing 6.84% of available shares. It would take about 3.78 days to cover all short positions. While this rise in short interest could indicate bearish sentiment, it does not necessarily predict a near-term price drop. Moderna has a higher short interest than its peer group average of 3.92%.
November 15, 2023 | 2:45 pm
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Moderna's increased short interest suggests bearish market sentiment, but it's not a definitive predictor of immediate stock price movement.
While the increase in short interest indicates that more traders are betting against Moderna, it is not a certain indicator of a future price decline. Short interest can sometimes be a contrarian indicator, and the article suggests that it does not necessarily mean the stock will fall in the near term.
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