Peering Into Cytokinetics's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Cytokinetics (NYSE:CYTK) has seen a 3.85% increase in its short percent of float, now at 22.11%. This indicates a bearish sentiment among investors, as it would take 9.74 days to cover short positions based on current trading volume. The company's short interest is higher than its peers, whose average is 13.12%.
June 07, 2024 | 4:45 pm
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Cytokinetics has experienced a 3.85% increase in short interest, now at 22.11% of its float. This suggests a bearish sentiment among investors, as it would take 9.74 days to cover short positions. The company's short interest is significantly higher than its peers.
The increase in short interest indicates a bearish sentiment among investors, which could lead to downward pressure on the stock price in the short term. The high short interest compared to peers further emphasizes this negative sentiment.
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