How Is The Market Feeling About Altimmune?
Portfolio Pulse from Benzinga Insights
Altimmune (NYSE:ALT) has seen a 15.72% increase in short percent of float, with 12.51 million shares sold short, representing 17.81% of available shares. This indicates a bearish market sentiment towards ALT, although it's not a definitive predictor of stock price movement. Altimmune's short interest is higher than its peer group average of 11.64%.
April 08, 2024 | 1:00 pm
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Altimmune has experienced a significant increase in short interest, indicating a bearish sentiment among investors.
The increase in short interest suggests that investors are betting against the stock, expecting its price to fall. This bearish sentiment, especially when it's higher than the peer group average, can put downward pressure on the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90