Looking Into Ginkgo Bioworks Holdings's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Ginkgo Bioworks Holdings (NYSE:DNA) has seen a 3.26% increase in short interest, with 270.83 million shares sold short, representing 19.94% of its float. It would take about 16.88 days to cover all short positions. This rise in short interest could indicate a bearish market sentiment towards DNA, although it has a higher short interest than its peer group average of 3.35%.
April 26, 2024 | 2:15 pm
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Ginkgo Bioworks Holdings's short interest has increased, indicating a potentially bearish market sentiment.
The increase in short interest suggests that investors are more bearish on DNA, potentially leading to downward pressure on the stock price in the short term. However, high short interest can also lead to a short squeeze if the stock price starts to rise, causing shorts to cover their positions.
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