Peering Into bluebird bio's Recent Short Interest
Portfolio Pulse from Benzinga Insights
bluebird bio (NYSE:BLUE) has seen a 4.01% increase in its short percent of float, now at 15.84% with 28.59 million shares sold short. This indicates a bearish market sentiment, although it's higher than its peer group average of 7.02%. The coverage time for short positions is 3.42 days.
March 22, 2024 | 8:00 pm
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bluebird bio's short interest has increased, indicating a bearish market sentiment but also potential for a short squeeze.
The increase in short interest for bluebird bio suggests that investors are becoming more bearish on the stock. However, a high short interest can also lead to a short squeeze if the stock's price starts to rise, as short sellers cover their positions. The comparison with peers indicates that BLUE has a significantly higher short interest, which could make it more susceptible to volatility.
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IMPORTANCE 75
RELEVANCE 100