Peering Into Annovis Bio's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Annovis Bio (NYSE:ANVS) has seen a 5.24% increase in its short percent of float, now at 15.27%. This is higher than its peers' average of 8.26%. The company has 1.28 million shares sold short, taking traders an average of 5.96 days to cover their positions.
July 05, 2024 | 2:59 pm
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Annovis Bio's short interest has increased by 5.24%, now at 15.27%, which is higher than its peers' average of 8.26%. This could indicate bearish sentiment but also presents a potential for a short squeeze.
The increase in short interest suggests that more investors are betting against Annovis Bio, which could lead to downward pressure on the stock price. However, the high short interest also opens up the possibility of a short squeeze if the stock price rises unexpectedly.
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