Looking Into Pieris Pharmaceuticals's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Pieris Pharmaceuticals (NYSE:PIRS) has seen a significant increase in short interest, with a 1664.29% rise since the last report, reaching 24 thousand shares or 2.47% of the float. This suggests a bearish market sentiment, although it's below the peer group average of 2.73%. The coverage time for short positions based on trading volume is approximately 1 day.

May 09, 2024 | 1:00 pm
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Pieris Pharmaceuticals has experienced a significant rise in short interest, indicating a bearish sentiment but still below its peer average.
The substantial increase in short interest for Pieris Pharmaceuticals suggests that investors are becoming more bearish on the stock. However, being below the peer average might mitigate some negative perceptions. The short-term impact is likely negative due to increased bearish sentiment, but the below-average peer comparison could provide some buffer against a steep decline.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90