Peering Into Cassava Sciences's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cassava Sciences (NYSE:SAVA) has seen a 3.41% decrease in its short percent of float, now at 30.84%. This indicates a potential shift in market sentiment. The company's short interest remains higher than its peers, with 13.87 million shares sold short, taking an average of 16.17 days to cover.
May 17, 2024 | 3:30 pm
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Cassava Sciences has experienced a 3.41% decrease in its short percent of float, now at 30.84%. This suggests a potential shift in market sentiment, although the company's short interest remains higher than its peers.
The decrease in short interest suggests that fewer investors are betting against the stock, which could be seen as a positive signal. However, the high short interest relative to peers indicates ongoing bearish sentiment.
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