How Is The Market Feeling About Altimmune?
Portfolio Pulse from Benzinga Insights
Altimmune (NYSE:ALT) has seen a 3.37% increase in its short percent of float, now at 32.78%. This indicates a bearish sentiment among investors, as it would take traders 7.58 days to cover their short positions. Altimmune's short interest is significantly higher than its peers, whose average is 12.88%.
June 03, 2024 | 1:00 pm
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Altimmune's short percent of float has increased by 3.37%, now at 32.78%, indicating a bearish sentiment among investors. It would take traders 7.58 days to cover their short positions, which is significantly higher than its peers' average short interest of 12.88%.
The increase in short interest suggests that investors are bearish on Altimmune, which could lead to downward pressure on the stock price in the short term. The high days-to-cover ratio further indicates potential volatility.
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