How Is The Market Feeling About Virgin Galactic Hldgs?
Portfolio Pulse from Benzinga Insights
Virgin Galactic Holdings (NYSE:SPCE) has seen a 3.37% increase in short interest since the last report, with 76.48 million shares sold short, representing 20.85% of available shares. The short interest is higher than the peer group average of 8.67%. While high short interest can indicate bearish sentiment, it does not necessarily predict a near-term price drop. It takes an average of 5.24 days for traders to cover their short positions.
December 06, 2023 | 2:15 pm
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Virgin Galactic's short interest has increased, indicating bearish market sentiment. However, this does not necessarily mean the stock price will fall in the short term.
While the increase in short interest for SPCE suggests that investors are bearish, it is not a definitive predictor of immediate stock price decline. Market sentiment can be complex, and short squeezes or other factors could influence the stock price differently.
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