Peering Into Illumina's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Illumina's short interest has risen by 13.61%, with 5.40 million shares sold short, representing 3.84% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Illumina's short interest is still below the peer group average of 5.23%.
June 03, 2024 | 2:30 pm
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NEGATIVE IMPACT
Illumina's short interest has increased by 13.61%, now at 3.84% of its float. This could indicate bearish sentiment, but it's still below the peer group average of 5.23%.
The increase in short interest suggests that more investors are betting against Illumina, which could lead to downward pressure on the stock price. However, the short interest is still below the peer group average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100