How Is The Market Feeling About Regeneron Pharmaceuticals?
Portfolio Pulse from Benzinga Insights
Regeneron Pharmaceuticals (NYSE:REGN) has seen a decrease in short interest, with the short percent of float dropping 12.42% since the last report. The company has 1.23 million shares sold short, which is 1.34% of available shares for trading. The current short interest is lower than the peer group average of 5.07%. While a decline in short interest can indicate a more bullish sentiment, it does not necessarily predict a near-term rise in stock price.
December 27, 2023 | 4:45 pm
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Regeneron Pharmaceuticals has experienced a significant decrease in short interest, which may suggest a more bullish sentiment among investors compared to its peers.
A decrease in short interest typically indicates that investors are less bearish on a stock, which could lead to a potential increase in its price in the short term. However, the impact on the stock price is not guaranteed and will depend on broader market conditions and company performance.
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