(NVAX) - Analyzing Novavax's Short Interest
Portfolio Pulse from Benzinga Insights
Novavax (NYSE:NVAX) has seen a 3.9% increase in its short percent of float, now at 34.36%. This indicates a bearish sentiment among investors, as it is significantly higher than its peers' average of 14.20%. It would take traders 1.82 days to cover their short positions.
July 02, 2024 | 7:30 pm
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Novavax's short interest has increased to 34.36%, indicating a bearish sentiment among investors. This is significantly higher than the peer group average of 14.20%.
The increase in short interest suggests that investors are bearish on Novavax, which could lead to downward pressure on the stock price in the short term. The high short interest compared to peers further emphasizes this sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100