(BIIB) - Analyzing Biogen's Short Interest
Portfolio Pulse from Benzinga Insights
Biogen's short interest has risen by 10.25%, with 3.48 million shares sold short, representing 2.69% of its float. This is lower than the peer group average of 5.62%. It would take traders 3.34 days to cover their short positions.
June 07, 2024 | 3:15 pm
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NEGATIVE IMPACT
Biogen's short interest has increased by 10.25%, with 3.48 million shares sold short, representing 2.69% of its float. This is lower than the peer group average of 5.62%.
The increase in short interest suggests that more investors are betting against Biogen, which could indicate bearish sentiment. However, the short interest is still below the peer average, which might mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100