How Is The Market Feeling About Altimmune?
Portfolio Pulse from Benzinga Insights
Altimmune (NYSE:ALT) has seen a 12.87% increase in short interest since its last report, with 10.66 million shares sold short, representing 20.0% of its float. The short interest ratio is 1.18 days. High short interest can indicate bearish market sentiment but doesn't necessarily predict a price drop. Altimmune's short interest is higher than its peer group average of 12.28%.
January 26, 2024 | 5:45 pm
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Altimmune's increased short interest suggests bearish sentiment, but it's not a definitive predictor of stock price movement. The stock may face volatility if traders react to this news.
While the rise in short interest for Altimmune indicates a bearish outlook from traders, the short-term impact on the stock price is uncertain. High short interest can lead to increased volatility, especially if there is a short squeeze or if market sentiment shifts. The relevance is high as the article focuses on Altimmune's short interest, but the importance is moderate because short interest is just one of many factors that can affect stock price. The confidence level is not at the maximum because market reactions can be unpredictable.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 80