Peering Into Inovio Pharmaceuticals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Inovio Pharmaceuticals (NYSE:INO) has seen a 22.31% increase in its short percent of float since the last report, with 1.74 million shares sold short, representing 7.73% of available shares. This indicates a bearish sentiment among traders, although it's below the peer group average of 8.32%. The rise in short interest doesn't necessarily predict a price drop but suggests increased bearish activity.
March 11, 2024 | 1:45 pm
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Inovio Pharmaceuticals has experienced a significant increase in short interest, indicating a bearish market sentiment towards the stock.
The increase in short interest for INO suggests that traders are expecting the stock price to fall, which could lead to increased selling pressure in the short term. However, it's important to note that this does not guarantee a price drop, as short interest is just one of many factors that can influence stock prices.
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