Looking Into Longboard Pharmaceuticals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Longboard Pharmaceuticals (NYSE:LBPH) has seen a 32.27% decrease in short interest since its last report, with 711 thousand shares sold short, representing 2.77% of its float. The average time to cover these short positions is 5.35 days. A decrease in short interest can indicate a more bullish sentiment towards the stock, although it does not necessarily predict a price rise. LBPH has less short interest compared to its peer group average of 14.60%.
January 19, 2024 | 4:30 pm
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Longboard Pharmaceuticals's short interest has significantly decreased, which may suggest a more bullish sentiment among investors. However, this is not a definitive indicator of future stock price movement.
The decrease in short interest for Longboard Pharmaceuticals suggests that investors may be less bearish on the stock, potentially leading to a short-term positive impact on the stock price. However, the article also cautions that this does not guarantee an immediate price rise, hence the importance is moderate and the confidence in the impact is not absolute.
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