(ALT) - Analyzing Altimmune's Short Interest
Portfolio Pulse from Benzinga Insights
Altimmune (NYSE:ALT) has seen a decrease in short interest, now at 10.01 million shares or 18.78% of its float, down 6.1% from the last report. This represents 1.82 days of average trading volume to cover short positions. Short interest is a key indicator of market sentiment, and a decrease suggests a more bullish outlook among investors. Altimmune's short interest is higher than its peer group average of 10.40%, indicating more bearish sentiment compared to its peers.
February 14, 2024 | 7:15 pm
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Altimmune's decrease in short interest suggests a more bullish sentiment among investors, potentially leading to positive short-term price movement.
A decrease in short interest typically indicates that investors are becoming more optimistic about a stock's future performance. For Altimmune, this decrease could reduce selling pressure and lead to a short-term increase in stock price, especially since the short interest is still above the peer group average, highlighting a significant change in sentiment.
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IMPORTANCE 75
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