Peering Into Intelligent Bio Solutions's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Intelligent Bio Solutions (NYSE:INBS) has seen a significant increase in short interest, with the short percent of float rising 165.35% to 10.11% of all shares available for trading. This increase indicates a more bearish market sentiment towards INBS, although it doesn't necessarily predict a near-term price fall. Compared to its peers, INBS has a higher short interest, with the average for its peer group at 2.99%.
February 19, 2024 | 6:45 pm
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Intelligent Bio Solutions's short interest has significantly increased, indicating a bearish market sentiment. This could lead to increased volatility in the short term.
The substantial rise in short interest for INBS suggests that investors are becoming more bearish on the stock. This bearish sentiment, reflected in the 165.35% increase in short interest, could lead to increased stock price volatility in the short term. However, it's important to note that short interest alone doesn't guarantee a price drop but indicates market sentiment.
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