(RNA) - Analyzing Avidity Biosciences's Short Interest
Portfolio Pulse from Benzinga Insights
Avidity Biosciences (NYSE:RNA) has seen a 4.33% decrease in its short percent of float, now at 14.81%. This indicates a more bullish sentiment compared to its peers, whose average short interest is 15.21%. It would take traders 10.83 days to cover their short positions.
June 20, 2024 | 3:45 pm
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Avidity Biosciences has experienced a 4.33% decrease in short interest, now at 14.81%. This suggests a more bullish sentiment compared to its peers, whose average short interest is 15.21%.
The decrease in short interest indicates that fewer investors are betting against the stock, which can be interpreted as a positive signal. Additionally, the company's short interest is lower than the peer average, further suggesting a relatively bullish sentiment.
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