Peering Into Arcellx's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Arcellx (NYSE:ACLX) has seen a 6.28% increase in its short percent of float since the last report, with 3.77 million shares sold short, representing 8.12% of its available shares. This indicates a bearish market sentiment, although it's below the peer group average of 14.36%. The coverage time for these short positions is estimated at 8.9 days.
April 15, 2024 | 3:00 pm
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Arcellx's increased short interest suggests a bearish market sentiment, but it remains below the peer average, indicating mixed signals.
The rise in short interest for Arcellx indicates that investors are becoming more bearish on the stock. However, being below the peer average suggests that it is not as heavily shorted as other companies in its sector, which could mean the bearish sentiment is not as strong as it appears. The 8.9 days to cover shorts also suggests a moderate level of short interest that could lead to a short squeeze if the company releases positive news.
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IMPORTANCE 75
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