(AMGN) - Analyzing Amgen's Short Interest
Portfolio Pulse from Benzinga Insights
Amgen's (NYSE:AMGN) short interest has increased by 18.97% since the last report, with 11.09 million shares sold short, representing 2.07% of its float. This indicates a bearish market sentiment, although it's below the peer group average of 5.19%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearishness among traders.
March 06, 2024 | 4:30 pm
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Amgen's short interest has risen significantly, indicating a bearish sentiment among traders. However, it remains below the peer average, suggesting a mixed outlook.
The increase in short interest for Amgen suggests that traders are becoming more bearish on the stock. However, since it's still below the peer group average, the impact on the stock price might be neutral in the short term. Investors should monitor further changes in short interest and market sentiment.
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