How Is The Market Feeling About Ginkgo Bioworks Holdings?
Portfolio Pulse from Benzinga Insights
Ginkgo Bioworks Holdings (NYSE:DNA) has seen a 7.94% increase in its short percent of float, now at 23.51%. This indicates a bearish sentiment among investors, as it would take traders 5.39 days to cover their short positions. The company's short interest is significantly higher than its peers, whose average is 3.34%.
May 23, 2024 | 3:00 pm
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Ginkgo Bioworks Holdings has experienced a 7.94% increase in short percent of float, now at 23.51%, indicating a bearish sentiment among investors. It would take traders 5.39 days to cover their short positions.
The significant increase in short interest suggests that investors are bearish on Ginkgo Bioworks Holdings. This could lead to downward pressure on the stock price in the short term as more shares are being shorted.
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