Looking Into Insmed's Recent Short Interest
Portfolio Pulse from Benzinga Insights
Insmed's (NYSE:INSM) short interest has risen by 10.99%, with 12.83 million shares sold short, representing 7.98% of its float. This is higher than the peer group average of 6.61%. The increase in short interest could indicate bearish sentiment but does not guarantee a near-term price drop.
July 16, 2024 | 1:45 pm
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Insmed's short interest has increased by 10.99%, with 12.83 million shares sold short, representing 7.98% of its float. This is higher than the peer group average of 6.61%. The rise in short interest could indicate bearish sentiment but does not guarantee a near-term price drop.
The significant increase in short interest suggests that more investors are betting against Insmed, which could indicate bearish sentiment. However, this does not guarantee a near-term price drop as market conditions and other factors could influence the stock price.
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