Peering Into Apellis Pharmaceuticals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Apellis Pharmaceuticals (NYSE:APLS) has seen a decrease in short interest, with the short percent of float falling 3.72% to 10.09%. This indicates a reduction in bearish sentiment among traders. The company's short interest is below its peer group average of 11.10%, suggesting a relatively more bullish outlook compared to its peers. Short interest is a key indicator of market sentiment, and changes in short interest can provide insights into investor expectations about a stock.
March 15, 2024 | 1:15 pm
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Apellis Pharmaceuticals has experienced a decrease in short interest, indicating a potential decrease in bearish sentiment among traders. This could suggest a more positive short-term outlook for the stock.
A decrease in short interest typically indicates that traders are less bearish on a stock, which can lead to a more positive outlook for the stock price in the short term. Given that Apellis Pharmaceuticals' short interest has decreased and is also below the peer group average, this suggests a relatively more bullish sentiment towards the stock, potentially leading to positive price movement.
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