Peering Into Longeveron's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Longeveron's (NYSE:LGVN) short interest has risen by 18.1%, with 55,000 shares sold short, representing 1.24% of its float. This increase in short interest could indicate bearish sentiment among investors. However, Longeveron's short interest is still below the peer group average of 2.16%.
June 19, 2024 | 8:15 pm
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Longeveron's short interest has increased by 18.1%, now at 1.24% of its float. This could indicate bearish sentiment, but the short interest is still below the peer average of 2.16%.
The increase in short interest suggests that more investors are betting against the stock, which could lead to downward pressure on the stock price in the short term. However, the short interest is still below the peer average, which may mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100