(GOVX) - Analyzing Geovax Labs's Short Interest
Portfolio Pulse from Benzinga Insights
Geovax Labs (NYSE:GOVX) has seen a significant rise in its short interest, with a 143.33% increase since the last report. The company now has 109 thousand shares sold short, representing 4.38% of its float. This is higher than the peer group average of 2.80%.
July 02, 2024 | 7:45 pm
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Geovax Labs has experienced a 143.33% increase in short interest, now at 4.38% of its float. This indicates a bearish sentiment among investors, although it doesn't guarantee a near-term price drop.
The significant increase in short interest suggests that investors are becoming more bearish on Geovax Labs. This could lead to downward pressure on the stock price in the short term as more traders bet against it.
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