(EXAS) - Analyzing Exact Sciences's Short Interest
Portfolio Pulse from Benzinga Insights
Exact Sciences (NYSE:EXAS) has seen a decrease in short interest, now at 3.62% of its float, lower than the peer group average of 5.10%. This reduction from 7.42% suggests a more bullish sentiment among investors. The current short interest represents 6.52 million shares, with a cover time of 3.68 days based on trading volume.
April 01, 2024 | 5:30 pm
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Exact Sciences's short interest has decreased, indicating a potentially more bullish sentiment among investors.
A decrease in short interest typically indicates that investors are becoming more bullish on a stock. For Exact Sciences, this reduction in short interest could suggest that market sentiment is improving, potentially leading to a short-term increase in stock price as investors become less inclined to bet against the company.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 90