(OCGN) - Analyzing Ocugen's Short Interest
Portfolio Pulse from Benzinga Insights
Ocugen (NYSE:OCGN) has seen an 8.73% increase in its short percent of float, now at 20.55% of all regular shares available for trading. This indicates a bearish sentiment among investors, as it would take traders 6.46 days to cover their short positions. Ocugen's short interest is higher than its peer group average of 13.38%.
May 31, 2024 | 3:30 pm
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NEGATIVE IMPACT
Ocugen's short percent of float has increased by 8.73%, reaching 20.55%, indicating a bearish sentiment among investors. It would take traders 6.46 days to cover their short positions, which is higher than the peer group average of 13.38%.
The significant increase in short interest suggests that investors are bearish on Ocugen's stock. The high short interest relative to its peers indicates a stronger negative sentiment, which could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100