Looking Into Seagen's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Seagen Inc. (NYSE:SGEN) has seen a decrease in short interest by 5.96% since the last report, with 9.58 million shares sold short, representing 6.79% of available shares. The average time to cover these short positions is 10.2 days. Short interest is a measure of market sentiment, and a decrease may indicate a more bullish outlook. Seagen has a higher short interest than its peer group average of 5.29%.
December 13, 2023 | 8:30 pm
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Seagen's short interest has decreased, which could indicate a more bullish sentiment among investors and potentially lead to a short-term increase in stock price.
A decrease in short interest typically suggests that investors are less bearish on the stock, which could lead to a decrease in selling pressure and an increase in stock price. However, the article also cautions that this does not necessarily mean the stock will rise in the near term, hence the importance is not at the maximum level.
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IMPORTANCE 70
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